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Investing

Investing blogs capture how we think about the latest market moves, what we think the biggest trends of the future will be, and what you should expect from different types of investment options. These blogs are a combination of education and our professional opinion.

25 07, 2017

Profiting from the Recklessness of Others

By |2020-04-27T17:19:30+00:00July 25th, 2017|Investing, Postmodern Finance|Comments Off on Profiting from the Recklessness of Others

A couple months ago, I wrote about the dangers of levered ETFs, showing how these products designed to juice investor's returns end up eroding capital due to the subtle mathematical logic of compounding. In my last post, I followed up on the topic by describing the Kelly Criterion, a mathematical [...]

20 06, 2017

The Line Between Aggressive and Crazy

By |2021-02-19T18:19:47+00:00June 20th, 2017|Investing, Postmodern Finance|Comments Off on The Line Between Aggressive and Crazy

Suppose I offer you a bet. Flip a coin, heads you lose your entire bet, tails you win it back plus one and a half times, so a ten dollar bet becomes $25. And furthermore I'll let you keep making this bet as many times as you like over the [...]

22 05, 2017

“Make it a Quadruple”

By |2020-04-27T17:19:30+00:00May 22nd, 2017|Investing, Postmodern Finance|Comments Off on “Make it a Quadruple”

This month, the financial press has been abuzz with the latest case study in Wall Street's storied history of feeding speculative frenzies: the quadruple-levered ETF. On May 2 the SEC approved a request to list two ETFs, the ForceShares Daily 4X US Market Futures Long Fund under the ticker UP, and [...]

26 04, 2017

A Permanent Bear Market in Fossil Fuels?

By |2020-04-27T17:19:30+00:00April 26th, 2017|Economics, Investing|Comments Off on A Permanent Bear Market in Fossil Fuels?

In my last post I wrote about how the financial industry, led in particular by asset manager BlackRock, may begin putting pressure on the private sector to reduce carbon emissions and otherwise adopt more environmentally friendly practices, for entirely self-interested, profit-motivated reasons. Since then, I've been thinking a lot about [...]

20 03, 2017

BlackRock Goes Green

By |2020-04-27T17:19:30+00:00March 20th, 2017|Investing|Comments Off on BlackRock Goes Green

When it comes to the financial markets, I am a perennial optimist. Investing not only makes us richer in the long run, it makes the world healthier, happier, and better in almost every dimension. My optimism extends even to the ability of financial markets to solve what economists call coordination problems, [...]

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