Whenever markets have any sort of hiccup (read dont go up in a linear fashion) all sorts of commentary comes out of the woodwork. I therefore thought it would be instructive to look at the events of last week and to put them into some form of context beginning with a short term view. The…
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Sugata Ray conducts the most fun research. From his post teaching and researching at the University of Alabama, he studies disparate influences on asset management and market microstructure. He has looked at the effect of personal real estate transactions and “marital events” on the productivity and risk tolerance of hedge fund managers. We caught up…
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Fascinating but horrible….. Long story made short – they went pop. Abstract In AD 79 the town of Herculaneum was suddenly hit and overwhelmed by volcanic ash-avalanches that killed all its remaining residents, as also occurred in Pompeii and other settlements as far as 20 kilometers from Vesuvius. New investigations on the victims’ skeletons unearthed…
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The most telling part of the piece – The least-gifted children of high-income parents graduate from college at higher rates than the most-gifted children of low-income parents.” No doubt this is a universal phenomena. The graphic below shows that the raw material for being successful is evenly distributed across socio-economic groups but the expression of…
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With the US market having a conniption overnight I thought I would play with excel at look at those periods where the market had fallen by 2% or more in a session. The first thing I noticed was how few falls there are of this magnitude or greater even going back to 1950. As you…
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