A senior aide to a Congressman emailed me regarding the debate on Capitol Hill. I responded: Nell Minow knows what she is talking about, but this paragraph on page 5 is the money shot: But the key is the board. It is...
Read MoreI am no fan of Ben Bernanke, longtime readers know. There are many reasons to find fault with him: His actions on the Fed while Greenspan was Chairman provided the intellectual support for over-providing liquidity to the...
Read MoreI read Reminiscences of a Stock Operator around ten years ago. I was trying to understand trading dynamics in the market, and the book was mentioned frequently. It is a classic. But can a classic be made...
Read MoreThe first thing I do when a PR flack sends me a book is throw away their summary. Unlike other reviewers, I read the books. The publisher sent me this book, but I did not ask for it. All that said, I thought Wealth,...
Read MoreI spent some time today updating my Treasury yield curve and inflation model. Anytime a new Treasury note/bond is issued, or we get a new CPI figure, or a coupon payment date passes, the model must be updated. Though...
Read MoreWould that there were one time horizon — a goal to shoot for, similar to the dispensationalists that plague Christianity with an announced date for the return of Christ. But a major reason that the Chicago School (as...
Read MoreI resisted getting this book when it first came out. Much as I enjoy Ken Fisher as a writer, and appreciate the interaction that I have had with him over the years, the title turned me away. “Three questions?...
Read MoreI have long been a fan of immediate annuities, particularly those that are inflation indexed, as retirement products for seniors. Yet, they do not get bought by retirees. Why? Well, insurance products are sold,...
Read More1) Inflate the size of my balance sheet by 2.5x over last year, all through borrowing at really low rates. 2) Increase my interest spreads by ~50% over last year. means: 3) I only increased my profits by ~50% over last...
Read MoreI like Roger Lowenstein; he is a bright guy. I have reviewed several of his books, and would recommend to readers that they are worth buying. But, I disagree with Lowenstein in some ways regarding defaulting on home...
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