Money and Finance
Stop Associating Adam Smith with Laissez-Faire Economics (LINK)
Merryn Somerset Webb talks with Russell Napier, author of Anatomy Of The Bear (LINK)
Why Mindfulness Is Your New Secret Weapon [H/T @RobertCialdini] (LINK)
- Links
James Montier: Market Macro Myths: Debts, Deficits, and Delusions [free registration may be required] (LINK) In this white paper James Montier attempts to show why the proponents of sound finance are mistaken by defining and unpacking a series of...
- Gmo White Paper
Link to white paper: The World’s Dumbest Idea In this white paper, James Montier, a member of GMO's Asset Allocation team, presents evidence that bolsters his assertion that Shareholder Value Maximization has been a complete failure and has contributed...
- Andrew Smithers On Using Cape In International Markets
Link to Part 1: The problem of Cape and non-US markets (part 1) The cyclically adjusted price-earnings ratio (Cape) has become well known as a way of valuing the US equity market. Its moderate success in this role has led to the assumption that the...
- Gundlach Dips Toe Into Uber-indexing
DoubleLine Capital LP plans to launch an enhanced index fund based on Yale University economics professor Robert Shiller's cyclically adjusted price-earnings ratio. The DoubleLine Shiller Enhanced CAPE Fund will use derivatives — either swaps...
- Martin Feldstein On Fed Policy, Stocks, Economy (video)
May 2 (Bloomberg) -- Martin Feldstein, a professor of economics at Harvard University, talks about the impact of Federal Reserve monetary policy on the stock market. Feldstein, speaking with Sara Eisen on Bloomberg Television's "InsideTrack," also...
Money and Finance
Links
GMO White Paper: The Stock Market as Monetary Policy Junkie: Quantifying the Fed's Impact on the S&P 500 - by James Montier and Philip Pilkington (LINK)
In this white paper, James Montier and Philip Pilkington take a fresh look at the Federal Reserve and the impact its somewhat unconventional monetary policies have had on stock prices. They posit that the fluctuation in valuations of the S&P 500 may very well come from the influence that the Fed’s anticipated announcements have on market sentiments or “animal spirits.” James and Philip constructed an alternative valuation framework they call the Monetary Policy-Adjusted CAPE (MPA-CAPE), which is a modification of Robert Shiller’s Cyclically-Adjusted P/E Ratio (CAPE), in order to try to gauge the impact that Federal Reserve policies are having on the S&P 500.Latticework of Mental Models: Float (LINK)
Stop Associating Adam Smith with Laissez-Faire Economics (LINK)
Merryn Somerset Webb talks with Russell Napier, author of Anatomy Of The Bear (LINK)
Why Mindfulness Is Your New Secret Weapon [H/T @RobertCialdini] (LINK)
Related books:
The Champion's Mind
How Bad Do You Want It?
The Mindful Athlete
- Links
James Montier: Market Macro Myths: Debts, Deficits, and Delusions [free registration may be required] (LINK) In this white paper James Montier attempts to show why the proponents of sound finance are mistaken by defining and unpacking a series of...
- Gmo White Paper
Link to white paper: The World’s Dumbest Idea In this white paper, James Montier, a member of GMO's Asset Allocation team, presents evidence that bolsters his assertion that Shareholder Value Maximization has been a complete failure and has contributed...
- Andrew Smithers On Using Cape In International Markets
Link to Part 1: The problem of Cape and non-US markets (part 1) The cyclically adjusted price-earnings ratio (Cape) has become well known as a way of valuing the US equity market. Its moderate success in this role has led to the assumption that the...
- Gundlach Dips Toe Into Uber-indexing
DoubleLine Capital LP plans to launch an enhanced index fund based on Yale University economics professor Robert Shiller's cyclically adjusted price-earnings ratio. The DoubleLine Shiller Enhanced CAPE Fund will use derivatives — either swaps...
- Martin Feldstein On Fed Policy, Stocks, Economy (video)
May 2 (Bloomberg) -- Martin Feldstein, a professor of economics at Harvard University, talks about the impact of Federal Reserve monetary policy on the stock market. Feldstein, speaking with Sara Eisen on Bloomberg Television's "InsideTrack," also...