It's 2016, extreme poverty is on the verge of disappearing from the earth, private companies are planning manned flights to Mars, you're probably reading this on a portable device that's millions of times more powerful than the computers used for the first lunar mission, and there's two ideas I keep [...]
Not that long ago, most economists would have probably argued that it's impossible for a bond or other interest-paying asset to sell at a negative yield. After all, why on earth would you lend somebody money with the explicit understanding that they will give you back less than you started with? [...]
State Street recently published a survey of the return expectations and strategies being used by institutional investors around the world (h/t Flirting with Models). The respondents were a sample of over 400 money managers representing pension funds, insurance companies, foundations, endowments, and other major pools of institutional wealth. Though the [...]
In this series, I have been arguing that differences between investors - such as the differences in their willingness to use leverage, their susceptibility to biases, and their tax statuses - lead to implications that go beyond the cookie-cutter personal finance advice that has become all but omnipresent today. Increasingly, [...]
This week, I'm going to be taking a little summer vacation and go camping. As a result, our trading activity over the next several days is likely to be lower than usual. And of course I'm not the only one; this summer other financial advisors, broker-dealers, hedge fund managers, and [...]
