When you start a business, no matter how much research you do, you don’t know all of the issues that you will run into. What has struck me since I wrote the piece On Bonds in Retail Accounts is that I need to run a bond...
Read MoreI don’t have all the resources that I would want in order to do complex analyses. Give me the database, and the right software, and I can do amazing things. Even with limited data, and cruddy software, I still have something...
Read MoreThis segment takes us through the period May-July of 2008, as the crisis slowly built to the peak of its cashflow deficit, with many saying that it was a liquidity crisis, not a solvency crisis. Anyway here is my best from that...
Read MoreRereading old articles is bittersweet. I get a variety of internal reactions: You wrote about that again?! Who cared about that? Boy, you really blew that one! Another news post?! How many links can you cram into a post? ...
Read MoreThe period from November 2007 through January 2008 was challenging, but I did say a lot of good things. Here’s a sample of the best: Contemplating Life Without the Guarantors Markets always beat governments, unless governments...
Read MoreWith this book review, I put a knife to my throat. Alas, I have been investing in individual stocks for over 23 years, and have done well the whole way. Is it time to abandon my craft? No, and I think the author would agree. ...
Read MoreIt is really easy to compare growth rates of emerging and developed markets and the developed markets feel inferior. But imagine this practical example: a toddler could say to a teenager, “Percentagewise, I am growing faster...
Read MoreIn hindsight, I’m not happy about what I wrote August-October 2007. As the bubble built I criticized it in fainter ways than it deserved. Given the implosion of money markets, I should have been more bearish. Part of that...
Read MoreWhen I gave a presentation to the Society of Actuaries three years ago, I was amazed that the Total Fertility Rate had fallen to 2.9 globally. I am now amazed that the CIA Factbook estimates that rate at 2.5 for the world on...
Read More
