DavidMerkel's Commentaries

Showing Posts 1 - 15 out of 818 found.

Book Review: A Decade of Debt

This is a short book that in some ways is a summary of Reinhart and Rogoff's greater work This Time Is Different: Eight Centuries of Financial Folly. Think of it as an executive summary in book form. How short is it? Less than 160 pages, but in terms...

Book Review: The Nature of Risk

I'm here this evening to review another excellent book on risk control by David X Martin.This is a difficult book to review, because if I describe what happens, I end up spoiling the book. This is a small book, and I read it in less than an hour.This...

Book Review: Bailout

What does Washington, DC care about more -- people or corporations? Do you have to ask? DC favors corporations, and all three branches of the government support this. Both parties favor this. Why is this so?The corporations, and those that own them...

Sorted Weekly Tweets

Politics Bernanke Letter Defends Fed Actions http://t.co/COYtCtzg Hope the election brings enough change that we end up w/a fresh Fed Chairman $$ Aug 25, 2012Private equity tax questions for Mitt Romney http://t.co/hXaAu0sR 1) Carried interest 2)...

What Caused the Crisis?

I have wanted to write this article for some time, but decided to sit on it in order to consider the matter more closely. What caused the financial crisis of 2008? In my writings at RealMoney, I anticipated much of the crisis, though not all of it, and...

Using Investment Advice, Part IV

My last point on investment advice is to think long-term and treat it as a business. You are trying to buy underpriced cash flow streams.Because it is a business, you must focus on the long term, and downplay short cycle information. Don't let the...

Using Investment Advice, Part III

The next aspect of using investment advice is understanding your own capabilities. It comes down to what you understand, and what you have time for.Some investment advice requires constant attention, even assuming that it is right. Does your job afford...

Using Investment Advice, Part II

Part two is understanding the advice. A large part of the problem is that many aspects of the advice are unsaid. For example, with a "buy" recommendation:What time horizon does this recommendation require?How likely is it that this investment will...

What Insurance do Actuaries Buy?

A reader asked me the following: When I know that you are trained as an actuary it got me curious. They say that actuary assess the risks of insurance products to find value for consumers, at the same time evaluate the probable risks of the product. What...

Using Investment Advice, Part I

If you have a subscription at RealMoney, you should read these articles:Using Investment Advice, Part 1Using Investment Advice, Part 2Using Investment Advice, Part 3Tread Warily on Media Stock TipsI didn't say it at the time, but I wrote those with...

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