Investors are increasingly fearful of a crisis in the municipal bond market. Meredith Whitney’s call for defaults has created quite a stir. But many notable investors have come out calling [ … ]
Category: Myth Busting
(Popular Myths of the Economy and Markets….BUSTED!
RISK MANAGEMENT – AN UNDERVALUED COMMODITY ON WALL STREET
If you missed this Bloomberg piece on the unfortunate downfall of Peter Thiel’s Clarium Capital it’s a must read. It’s a story of how brilliance was once again humbled by [ … ]
GREENSPAN CHALLENGES CRITICS, PROVES HE DOESN’T UNDERSTAND U.S. MONETARY SYSTEM
In this week’s Big Interview with the WSJ Alan Greenspan lashed out at his critics. Dr. Greenspan also gave his latest economic prognosis saying the economy is improving, the wealth [ … ]
THE “BERNANKE PUT” AND THE FED’S TRILEMMA
“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done” – JM Keynes, General Theory of Employment, Interest and Money
COMMODITIES & THE 130+ YEAR BEAR MARKET
“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” – Benjamin Graham
DID YOU JUST HEAR THE BOND BUBBLE BURST?
The defaultistas and hyperinflationists are enthralled by the fact that bond yields are rising. After all, you can’t really have either of the preceding environments without rising yields. Surely, this [ … ]
Ending the Cash on the Sidelines Myth
If you turn on financial TV for a bit you’ll likely hear the term “cash on the sidelines”. This term is generally used during a bullish market commentary in which [ … ]
WARREN BUFFETT’S POOR RISK ADJUSTED RETURNS
Here’s something I’d never seen done before – an analysis of Warren Buffett’s risk adjusted returns. Insider Monkey has run an interesting analysis on the Buffett portfolio calculating his alpha [ … ]
THE MYTH OF THE MONEY MULTIPLIER: A FOLLOW-UP
Did Hell freeze over and I missed it??