Money and Finance
- Links
Jason Zweig: Would Benjamin Graham Have Hated Index Funds? (LINK) A Dozen Things Learned from Lou Simpson About Investing and Business (LINK) Liaquat Ahamed on WealthTrack (LINK) Related book: Lords of Finance: The Bankers Who Broke the World [I listened...
- Abe’s Third Arrow, The Second Time Round - By Andrew Smithers
Link to article: Abe’s third arrow, the second time round Abenomics, the term given to the reform package Japanese prime minister Shinzo Abe launched to revive the country’s economy, is based on two myths. One is that the economy has performed...
- History Rhyming?
The excerpt below is from Liaquat Ahamed in Lords of Finance, writing about September 1929. It reminded me a little bit of today’s situation where stocks are close to highs, there is some positive economic data mixed with weak economic data, and you...
- Bernanke And The Beast - By Greg Mankiw
IS galloping inflation around the corner? Without doubt, the United States is exhibiting some of the classic precursors to out-of-control inflation. But a deeper look suggests that the story is not so simple. Let’s start with first principles. One basic...
- David Winters In Oid
David Winters in the March 2009 edition of Outstanding Investor Digest:Winters: So if you see a debt obligation that you might make 50% in as an arbitrage to reorganization, for example, and you look at a stock that you might make 1,000% in over time...
Money and Finance
Liaquat Ahamed quote
From Chapter 9 of Lords of Finance. I wish I could find the whole chapter online to post, as it is a very good one to review when thinking about the similar choices many governments are facing today. The war in this quote is referring to World War I.
“A simple analogy of the choice between deflation and devaluation might be that of the man who has put on weight and is having a hard time fitting into his clothes. He can either choose to lose the weight—that is, deflate—or alternatively accept that his larger waistline is now irreversible and have his clothes altered—that is, devalue. Whether to deflate or devalue became the central economic decision for every country after the war. The burden of deflation fell on workers, businesses, and borrowers, that of devaluation on savers. The fate of the world economy would hinge over the next two decades on which path each country took. The United States and Britain took the route to deflation, Germany and France that of devaluation. ” –Liaquat Ahamed, Lords of Finance
- Links
Jason Zweig: Would Benjamin Graham Have Hated Index Funds? (LINK) A Dozen Things Learned from Lou Simpson About Investing and Business (LINK) Liaquat Ahamed on WealthTrack (LINK) Related book: Lords of Finance: The Bankers Who Broke the World [I listened...
- Abe’s Third Arrow, The Second Time Round - By Andrew Smithers
Link to article: Abe’s third arrow, the second time round Abenomics, the term given to the reform package Japanese prime minister Shinzo Abe launched to revive the country’s economy, is based on two myths. One is that the economy has performed...
- History Rhyming?
The excerpt below is from Liaquat Ahamed in Lords of Finance, writing about September 1929. It reminded me a little bit of today’s situation where stocks are close to highs, there is some positive economic data mixed with weak economic data, and you...
- Bernanke And The Beast - By Greg Mankiw
IS galloping inflation around the corner? Without doubt, the United States is exhibiting some of the classic precursors to out-of-control inflation. But a deeper look suggests that the story is not so simple. Let’s start with first principles. One basic...
- David Winters In Oid
David Winters in the March 2009 edition of Outstanding Investor Digest:Winters: So if you see a debt obligation that you might make 50% in as an arbitrage to reorganization, for example, and you look at a stock that you might make 1,000% in over time...