Money and Finance
Bruce Greenwald likes to say that he is constituted todisagree with everybody about everything, and he was true to his word at therecent Hyman P. Minksy Conference in New York. Taking immediate exception withthe virtually unanimous characterization of the economic crisis as abalance-sheet recession, Greenwald, a professor of finance at ColumbiaUniversity, argued that, far from being unusual, balance-sheet recessions canin fact be found at the heart of almost all business cycles.
- Links
Bruce Greenwald: An Alternative Explanation of the Great Recession (video) [H/T ValueWalk] (LINK) ["What I'm going to start talking about, because this is a Minsky conference, is something that Hyman Minsky identified that's been largely overlooked...
- Bruce Greenwald: Value Investing And The Mis-measures Of Modern Portfolio Theory
Bruce Greenwald's presentation from the Welcome Event for the 12th International Post Keynesian Conference. More details available at pkconference.com. Recorded Wednesday September 24, 2014. Link to video ...
- Competitive Advantages...
"There are only a few types of competitive advantage (demand, supply, and economies of scale) and two straightforward tests (market-share stability and high return on capital) to confirm their existence." -Bruce Greenwald and Judd Kahn, Competition...
- Warren Watch: Listener Learned Well
Found via My Investing Notebook. Those hundreds of hours of discussions with thousands of college students may pay off for Warren Buffett in a big way. The most direct dividend may be a 44-year-old Californian who is a possible candidate to make investment...
- Value Talk: Buying At A Discount... By Charles Mizrahi
Professor Bruce C. N. Greenwald identified three approaches to value investing: classic, mixed and contemporary. While the approaches are different, they all share the common principles laid out by Benjamin Graham in 1934 and again in 1949: view stocks...
Money and Finance
Bruce Greenwald on Structural Imbalances in the Economy
Bruce Greenwald likes to say that he is constituted todisagree with everybody about everything, and he was true to his word at therecent Hyman P. Minksy Conference in New York. Taking immediate exception withthe virtually unanimous characterization of the economic crisis as abalance-sheet recession, Greenwald, a professor of finance at ColumbiaUniversity, argued that, far from being unusual, balance-sheet recessions canin fact be found at the heart of almost all business cycles.
The upshot of Greenwald’s talk was that, although we aretechnically out of recession, troubling structural imbalances remain andcontinue to drag down growth and employment.
- Links
Bruce Greenwald: An Alternative Explanation of the Great Recession (video) [H/T ValueWalk] (LINK) ["What I'm going to start talking about, because this is a Minsky conference, is something that Hyman Minsky identified that's been largely overlooked...
- Bruce Greenwald: Value Investing And The Mis-measures Of Modern Portfolio Theory
Bruce Greenwald's presentation from the Welcome Event for the 12th International Post Keynesian Conference. More details available at pkconference.com. Recorded Wednesday September 24, 2014. Link to video ...
- Competitive Advantages...
"There are only a few types of competitive advantage (demand, supply, and economies of scale) and two straightforward tests (market-share stability and high return on capital) to confirm their existence." -Bruce Greenwald and Judd Kahn, Competition...
- Warren Watch: Listener Learned Well
Found via My Investing Notebook. Those hundreds of hours of discussions with thousands of college students may pay off for Warren Buffett in a big way. The most direct dividend may be a 44-year-old Californian who is a possible candidate to make investment...
- Value Talk: Buying At A Discount... By Charles Mizrahi
Professor Bruce C. N. Greenwald identified three approaches to value investing: classic, mixed and contemporary. While the approaches are different, they all share the common principles laid out by Benjamin Graham in 1934 and again in 1949: view stocks...