Part I is here. For a new corporate bond manager with very little apprenticeship-type training, I had to learn some things on the fly. Of my first tier brokers, roughly half of them took pity on me initially and explained...
Read MoreWhen I reviewed the book Priceless, I thought I had reviewed “Fortune’s Formula,†because I had written several pieces on the Kelly Criterion at the blog and at RealMoney (free...
Read MoreIn 2001, I became a corporate bond manager by accident. I had been the mortgage bond manager and risk manager of a unit managing the assets of a medium-to-large life insurer, when the boss left to take another job in the...
Read MoreI am not sure how many current economic crisis books I have reviewed. I think I am getting close to a dozen and I am currently reading “Fault Lines.” I’m not sure I want to do many more crisis book...
Read MoreWhen I wrote my piece Watch the State of the States, I did not expect the degree that it would be picked up by other blogs and media. I still think the states are critical to watching the well-0being of the nation, and I...
Read MoreGovernments are smaller than markets; markets are smaller than cultures. This rule has always had a special place in my heart. It is an attempt to explain what drives human action in our world. Though I think...
Read MoreOne of the problems with Neoclassical economics is that it assumes that the economic system tends toward stability. In all of my years of doing quantitative analyses of equity and debt markets, as well as the economy as a...
Read MoreThese three book reviews are for books that I scanned, and did not read in depth. Quantitative Equity Investing The first book: Quantitative Equity Investing, is a book for practitioners with strong math skills, not average...
Read MoreI really enjoyed the book Fortune’s Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street (review forthcoming), so when I learned the William Poundstone had written a new book, I...
Read MoreWell, it has been a month since the demise of Finacorp. I don’t know for sure why the company died, but I suspect that it overexpanded, and could not support its larger size. As for me, I have been mulling over the...
Read More
