No Crimes? That’s The Biggest Lie of the New Century
The Biggest Lie of the New Century The list of wrongdoing by banks is too long for senior executives to credibly claim that they were...
Conservatives Discover America’s Infrastructure Problems
Last night, I made a rare airport run. Our niece from Chicago is visiting for the long weekend, and rather than send a car, we fought...
Pros & Cons of Shiller’s CAPE
Your Weekend Reading on the CAPE A model used to value stocks developed by Yale economist Robert Shiller has some distinct pluses and...
The Idiots of San Diego County’s Pension Investment...
Doing the Right Thing Doing the right thing in investing may seem harder in some ways, but the payoff is often more rewarding. Bloomberg,...
Rupert Murdoch and The Dumbest Chart in the World
Yesterday morning, we learned of Rupert Murdoch’s bid for Time Warner for as much as $85 dollar a share, or more than $75 billion. Soon...
Context Required: Mom & Pop vs Professional Investors
Pro Forecasters Stink, You’re Worse If the actions and forecasts for the pros make for unreliable market indicators, individual...
It’s a Bubble! It’s a Recession! It’s a Crash!
The Secret to Perfect Market Forecasts No one knows what will happen in the future, so you’re wasting you time paying attention to...
Why I am Crossing Off the Red Cross From My Charity List
Red Cross Needs to Tell All Bloomberg, June 30, 2014 Whenever there is some global catastrophe, we break out the checkbook,...
When Correlations Lie
When Correlations Lie Welcome to the mathematically ignorant, conceptually foolish, money-losing world of single-variable analysis....
Are the Rating Agencies About to Get Their Comeuppance?
Making the Credit Raters Sweat Regulators may be getting ready to punish the credit rating companies for their role in the financial...