10 Monday AM Reads

My Monday morning train reads (continues here):

• Who Routinely Trounces the Stock Market? Try 2 Out of 2,862 Funds (NY Times) That’s 0.07%
• Quite Contrary (Barron’s) see also Don’t Pay Up for Selloff Protection (Barron’s)
• Three Reasons This Is a Good Time to Be an Investor (WSJ)
• GMO’s Jeremy Grantham Doesn’t See a Bubble Just Yet (Barron’s) see also Free Lunches and the Food Truck Revolution and Summer Essays, Volume 2 (GMO)

Continues here

 

 

Category: Financial Press

Confessions of an Inflation Truther

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

Category: Inflation, Really, really bad calls, UnGuru

Tapering Is Now Tightening

Tapering Is Now Tightening David R. Kotok July 19, 2014     For a long time, as we saw it, tapering and the threat of tapering (as in last year’s taper tantrum) did not constitute tightening. Today we explore why we believe the situation has now changed. In order to understand why tapering was not…Read More

Category: Bailouts, Credit, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Neighborhood Gentrification during the Boom and After

Neighborhood Gentrification during the Boom and After Daniel Hartley and Daniel Kolliner During the housing boom, a number of large cities in the United States experienced redevelopment in their lower-income neighborhoods as higher-income residents moved in, a process known as gentrification. Looser lending standards, which were prevalent at the time, may have contributed to the…Read More

Category: Economy

The Losers From U.S. Sanctions: AMERICAN Businesses

U.S. Sanctions Against Foreign Nations Are Hurting American Companies Who are the losers from U.S. sanctions?  American companies. Two giant U.S. business groups – the U.S. Chamber of Commerce and National Association of Manufacturers – ran ads in the New York Times, Wall Street Journal and Washington Post protesting sanctions against Russia.  These are not…Read More

Category: Think Tank, War/Defense

Priceonomics: Everything is Bullshit

I am about halfway through this, whose title reminded me of Sturgeon’s Law (90% of Everything is Crap):   Check it out on Amazon.

Category: Books, Digital Media

Student Loan Calculator

Click to get calculating. Source: NY Times

Category: Bubbles

Masters in Business: Rob Arnott of Research Affiliates

Rob Arnott turned the world of passive index investing upside down. Best known for creating “smart beta,” Arnott creates models weighted b y four factors: Sales, profits, book value and dividends. Market cap is not relevant to him. Funds running Arnott’s models manage about $200 billion dollars in smart-beta strategies. Assets have increased by 59…Read More

Category: Financial Press, Index/ETFs, Investing, Psychology

10 Sunday Morning Reads

My Sunday morning reads: • Notes from the Delivering Alpha 2014 conference. (The Reformed Broker, part 2, part 3) •  Do You See Yourself as a Sophisticated Investor? (WSJ) • We’re in the third biggest stock bubble in U.S. history  (MarketWatch) but see Bubble Paranoia Setting In as S&P 500 Surge Stirs Angst (Bloomberg) • In…Read More

Category: Financial Press

Apollo 11 Retrospective: ‘One We Intend To Win’

Source: Space

Category: Science, Technology, Travel