Fictional finance on the rise
What if anything should we make of the surge of finance in fictional forms? Clearly the financial crisis and its aftermath has made finance a [...]
Guest post: Joe Terranova on the advantages of individual investors
In an age of high frequency trading and huge hedge funds it would seem that the individual investor would be at a distinct disadvantage. On [...]
Book Review: The Hedge Fund Mirage
In 2003 a financial gun was put to my head, telling me to relocate or be severed. I took severance because of all the ties my family had to the area. I landed at a hedge fund near me, one well enough run to be immune to the criticisms of this book. The first thing...
Guest post: Carl Richards on confusing investing with entertainment
Every new year is filled with financial strategists, pundits and gurus weighing in with their predictions and forecasts for the financial markets. You can see [...]
Book Review: What Works on Wall Street (4th Edition)
I previously reviewed the First Edition. Now it is time for the Fourth Edition. Rather than do a teardown, I think it would be more useful if I explained how the book can best be used. Here goes: There has been a lot of research done on stock returns, the results of which have encouraged...
Book Review: Exile on Wall Street
Why do you do what you do? Do you do it for money? Many do. Do you do it because you love it? Some get to do that. Do you do it because you think you have the truth, and want to make it known? Few do that. Mike Mayo seems to be one...
Book Review: Exile on Wall Street
Why do you do what you do? Do you do it for money? Many do. Do you do it because you love it? Some get to do that. Do you do it because you think you have the truth, and want to make it known? Few do that. Mike Mayo seems to be one...
Book Review: Manias, Panics, and Crashes (Sixth Edition)
This is the first book that I have reviewed twice. I reviewed the third edition of the book previously, but I am reviewing the sixth edition now. Kindleberger places the manias, panics, and crashes on a common grid, to see their similarities, In it he draws on a number of common factors: Loose monetary...
Book Review: Bonds — The Unbeaten Path to Secure Investment Growth
What do you do with a book that has one major thing wrong, and a lot of minor things right? I’m not sure, but my compromise is to give it a low num1er of stars on Amazon, and mention the good and bad points. In a perverse sense, it makes sense that someone will write...
Book Review: Bonds — The Unbeaten Path to Secure Investment Growth
What do you do with a book that has one major thing wrong, and a lot of minor things right? I’m not sure, but my compromise is to give it a low num1er of stars on Amazon, and mention the good and bad points. In a perverse sense, it makes sense that someone will write...
Book Review: Waffle Street
Imagine that you had a privileged position analyzing mortgage securities, only to see your world blow up as the prices of residential real estate began to fall across the US. You have now been fired. You’re young, with a beautiful wife, and your first baby on the way. Now what do you do?...
Book Review: The Greatest Trades of All Time
This book grew on me. Think of it as “How I hit a home run in investing.” Who are the sluggers that earned outsized returns? But, there is a problem here, and the book would have been better if it had recognized the problem. In a few cases, the “greatest” made one (or a few)...
