Money and Finance
- Hussman Weekly Market Comment: Low And Expanding Risk Premiums Are The Root Of Abrupt Market Losses
Link to: Low and Expanding Risk Premiums are the Root of Abrupt Market Losses Through the recurrent bubbles and collapses of recent decades, I’ve often discussed what I call the Iron Law of Finance: Every long-term security is nothing more than a claim...
- Bridgewater On The Fed's Dilemma
Via Zero Hedge: In the old days central banks moved interest rates to run monetary policy. By watching the flows, we could see how lowering interest rates stimulated the economy by 1) reducing debt service burdens which improved cash flows and spending,...
- Jack Schwager Summarizing Some Of Ray Dalio’s Thoughts On Diversification And Correlation
Excerpts from Schwager’s book Hedge Fund Market Wizards (also, see a direct quote from Dalio on these topics from the book HERE, under ‘Correlation and diversification’):Dalio is a strong believer in diversification. In fact, he calls the potential...
- Hussman Weekly Market Comment: The Right Kind Of Hope
Happy New Year. We enter 2012 with a great deal of hope, but our hopes are not for more bailouts, or money printing, or any of the myriad policies that investors seem to hope will save bad investments and sustain elevated valuations. Instead, our hope...
- Introduction To "expected Returns: An Investor's Guide To Harvesting Market Rewards" - By Antti Ilmanen
Health warning: We should humbly recognize the limits of our understanding. Realized returns are dominated by randomness, structural uncertainty, and rare events. Expected returns are unobservable, at best estimated with noise. We should resist hindsight...
Money and Finance
GR-NEAM Reflections: 12/03/2012 - The Barbarous Relic Expresses An Opinion
Gold prices continue to rise. The reason is that expected returns on more productive assets are falling in attractiveness. The message implied is that investors should beware just the excessive risk taking that they are being encouraged to do.
- Hussman Weekly Market Comment: Low And Expanding Risk Premiums Are The Root Of Abrupt Market Losses
Link to: Low and Expanding Risk Premiums are the Root of Abrupt Market Losses Through the recurrent bubbles and collapses of recent decades, I’ve often discussed what I call the Iron Law of Finance: Every long-term security is nothing more than a claim...
- Bridgewater On The Fed's Dilemma
Via Zero Hedge: In the old days central banks moved interest rates to run monetary policy. By watching the flows, we could see how lowering interest rates stimulated the economy by 1) reducing debt service burdens which improved cash flows and spending,...
- Jack Schwager Summarizing Some Of Ray Dalio’s Thoughts On Diversification And Correlation
Excerpts from Schwager’s book Hedge Fund Market Wizards (also, see a direct quote from Dalio on these topics from the book HERE, under ‘Correlation and diversification’):Dalio is a strong believer in diversification. In fact, he calls the potential...
- Hussman Weekly Market Comment: The Right Kind Of Hope
Happy New Year. We enter 2012 with a great deal of hope, but our hopes are not for more bailouts, or money printing, or any of the myriad policies that investors seem to hope will save bad investments and sustain elevated valuations. Instead, our hope...
- Introduction To "expected Returns: An Investor's Guide To Harvesting Market Rewards" - By Antti Ilmanen
Health warning: We should humbly recognize the limits of our understanding. Realized returns are dominated by randomness, structural uncertainty, and rare events. Expected returns are unobservable, at best estimated with noise. We should resist hindsight...