Category Archives: Uncategorized
Shiller on market valuation Don’t be a forced seller, and don’t trade ETFs. It’s time to kill the Greenspan Put. An updated automat in San Francisco
Key quotes: “The Great Sedation” and “Low interest rates flatter projected future cash flows.”
“Your honor, everyone in the industry was doing the same thing” is an actual defense, even if you bankrupted your client. — Brett Arends
Sunday Gretchen Morgenson on bad disclosure by bank loan funds Bloomberg piece on Brad Katsuyama ——————– Henry Blodget says market-timing is hard, but stocks are expensive, so you should prepare for 7-10 years of subpar returns. Brett Arends also says … Continue reading
Click on the pic below to read the piece.
This is an interesting piece on university endowments and the fees they pay to private equity managers — often more than they spend on students. But the proposal to spend 8% seems dangerous to me, given that we’re in such … Continue reading
These people who wander around saying that the economy is picking up steam are living in this weird kind of academic, inflation-adjusted world because nominal GDP has not been gaining traction.” The people saying that interest rates won’t matter – … Continue reading
Good WSJ piece on how the government might (or might not) respond to another crisis or bout of deflation.