Posts filed under “Really, really bad calls”
Slipping back into my regular routine is sometimes a challenge after a few days of traveling. The first day back in the markets — especially following a week like we had to end July and begin August — can be a bit of an adjustment.
A few days away allows the accumulation of jaded skepticism to wane a bit. Hence, the surprise that registered this morning when I read a Wall Street Journal article on “How Individual Investors Can Invest Like a Hedge Fund.” The article goes on to look at three possible ways that an ordinary investor can deploy their capital “like a hedge fund without hefty expenses.”
What it failed to explain is why ordinary investors would or should want to do this.
Lately, I have been hear an interesting type of argument. It is a form of debate that is both disingenuous and dishonest. We will call this the “Can’t Lose Argument,” or CLA. Worse than confirmation bias, it is a money-losing exercise in narcissism. The CLA goes something like this: A data point will be mentioned,…Read More
Of all the outrages endured during the financial crisis, perhaps the most perplexing involved money-market mutual funds. In an example of moral hazard writ large, this uninsured risk instrument — with $2.57 trillion in assets — somehow became too big to fail. Five years later, the Securities and Exchange Commission is finally taking steps to…Read More
There is a group of folks who believe that inflation is much higher than the numbers in the official reports. Paul Krugman calls them “inflation truthers.” In the 2000s, I might have been considered part of that crowd. I recognized that inflation data wasn’t being reported accurately, and said as much. I coined the phrase…Read More
I love this article: F-Bombs Tolerated in Recession Cause CEOs Trouble Later It turns out that public profanity among top executives is sensitive to economic conditions, according to a Bloomberg News review of thousands of CEO calls with investors and analysts from 2004 to last month. It spiked in the aftermath of the recession in…Read More
Click for even more interactive data and assorted interesting things. Source: Brookings Institute
Category: Really, really bad calls
In today’s “Global Outlook,” Bloomberg’s Barry Ritholtz discusses Israel weighing a possible ground operation to quell weeks of Palestinian rocket fire into its territory. He speaks with Trish Regan on Bloomberg Television’s “Street Smart.”
Will the U.S. Intervene in Israel-Hamas Conflict?
Source: Bloomberg, July 8 2014