Raghuram Rajan made a name for himself at the Jackson Hole conference in 2005, which was a kind of send-off for the victorious Alan Greenspan. Alas, but the paper he brought was not appreciated at the time, as it pointed to imbalances in the financial system. He was ahead of the curve. Thus his...
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This book is different, and it will get a different book review from me. I have not read it, but I have scanned it. This book aims to give extended yet compact explanations of the definitions of words that end in -isms. It does so with varying success. Here is my thesis: the more...
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When 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 at TSCM). But I found that I had not, so I offer you this review of a book I greatly enjoyed: The book asks...
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I 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 reviews. Tonight’s review is Complicit, by Mark Gilbert of Bloomberg. Bloomberg columnists are typically...
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In an earlier post we talked about the advantages (and disadvantages) of being an individual investor versus an institutional investor. One way in which the individual investor often has an advantage is flexibility. Michael Arold at Holistic Swing Trading left a comment on the post noting the following:
There is a law in mathematical optimization...
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This book review is special to me. I don’t often get quoted in books, but in this book I get quoted on page 98. Here is the quotation:
When I asked an insurance analyst whether he thought the credit rating companies would ever rethink MBIA’s top rating, he was skeptical. “For Moody’s [or Standard and...
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One quick note for readers before I begin: I passed my Series 86 exam with an 88% score. I did better than I expected. Now I am studying for the 87 — my how interesting it is to study law… BTW, the next book I am reviewing is Confidence Game.
The Great Reflation
I wish I...
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This is a book about Harry Markopolos, who is the author of this book. He talks about how he attempted for years to expose the fraud that was Bernie Madoff.
The book takes the following form (from my view of how the author sees it):How he came to a quick conclusion that Bernie Madoff was...
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The author of this book has been through the ringer. As one who advised people to be careful in their investing, she found that her husband had been stealing from his investment clients. Shades of Madoff and his sons.
She uses her ex-husband as an example of what to avoid in investment advisors, and adds...
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Another Buffett book? Why do we need another Buffett book?
We need another Buffett book because Buffett is a complex guy, and not easily corralled into simple explanations that he himself does not provide. This book attempts to explain Buffett as a growth investor, rather than a value investor.
This distinction is important. Value investors cling...
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