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Author: David Merkel

Winding Down the Eurozone

I write this realizing that the dominant reaction might be, “That won’t work.” Well, I toss out ideas on things like this because they *might* work, amid a situation where things are ugly, and real solutions...

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Logical Links

This should be a short post this evening, because I am tired. Always be skeptical of analyses that reason like this: A will lead to B, B will lead to C, C will lead to D, D will lead to E, E will lead to F, which is a (horrible...

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Getting Crowded

Note: there is a vote going on at http://list.ly/list/1HO-top-100-investment-blogs regarding the best investment blogs. Whether you vote for me or not, I encourage you to vote up blogs you like. I voted for 12 or so blogs, I...

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Strong Hands

When I started writing this blog, my Major Article List was a big thing to me. I wrote some pretty good things at RealMoney.com, and I wanted to have a record of the best of that. I only wish I had done the same thing for my...

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On the Facebook IPO

If you are a manager of corporate bonds, you get to learn the speculation cycle. New IPOs may close in weeks if things are cold, and close in minutes if things are hot. When things are hot in bonds, eventually the syndicate...

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Book Review: The Big Win

I enjoyed reading this book, but I have some issues with it. First, let me say what I liked: 1) The author chose a number of different investors to make his point. They weren’t all outside passive minority investors like...

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Works if Small, Fails if Large

The Wall Street Journal had an article on risk control that had the attitude of “here are some silver bullets.” Ugh. When will journalists learn that there are no simple solutions to portfolio management?...

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Aim for the Middle

“Ya gotta take more risk to get more return.” That’s the street language version of what is commonly trotted out, but it is only half true.The truth is that moderate risk taking outperforms taking no risk or...

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