Post Tagged with: "market wizards"
The future of economics as posited by Richard Thaler
I love this quote from Thaler on how, when and why the economics profession will change: Thaler: What is the old line—that science progresses funeral by funeral? Nobody changes their mind. What will happen is that the economists [in their thirties and forties] are pretty open to these ideas. They don’t think it is very
Humans are built to be hypocritical
Robin Hanson makes this assertion in a recent post in his blog “Overcoming Bias.” I found his argument as to why this is so pretty provocative. Yesterday, I had actually linked out to an article at Science Daily on why powerful people don’t practice what they preach. The Science Daily piece pointed to research indicating
John Mauldin: “Nobody’s holding a gun to your head” on stocks
John Mauldin believes we have just seen a pretty amazing trading rally aka cyclical bull/bear market rally. Stocks are more than 60% above March lows. But many stocks are at “nosebleed” valuation levels and that makes him suspect this is not an opportune entry point for stock market investors. He counsels utilities (like Bill Gross)
Mobius: Still bullish on Emerging Markets
Mark Mobius is one of the most famous Emerging Markets investors and right now he is bullish on Emerging Markets despite a huge rally in shares from late last year. Mobius turned bullish right as shares troughed and has remained so ever since. Mobius likes the so-called ‘Frontier’ Markets more than the well established BRICs.
Economic Bloggers in the spotlight
Below is a video released by the Kauffman Foundation about bloggers in the econ and finance space. The video shows that our space is really catching on and garnering ever more readership and credibility. This clip runs about 20 minutes and features Tyler Cowen and Mark Thoma, two well-known academics who also have top economic
Black: The Great American Bank Robbery
In the video below, William Black, a well-known Associate Professor of Economics and Law at the University of Missouri – Kansas City and former top regulator at of the Federal Home Loan Bank Board during the S&L crisis, holds court. His basic premise: the bailouts have been a massive transfer of wealth from the middle
Paul Tudor Jones: Trader – Flashback to 1987
Update: These clips have sadly been removed from YouTube. Clips from the 1987 PBS Film called Trader featuring famed investor Paul Tudor Jones are catching everyone’s imagination all of a sudden. Is it that we are all secretly worried about a sock market crash? Who knows. It’s entertaining nonetheless and is a good piece of
Janet Tavakoli: C-Span Q&A
Below is a very good hour-long interview I spied earlier today with Janet Tavakoli, the author of a new book ”Dear Mr. Buffett.” Hat tip Zero Hedge. I also linked out earlier today to a piece she wrote over at CNN on “What Wall Street owes you.” Take a look. Source C-Span Q&A, 19 April
Bhagwati: The U.S. is underestimating inflation risk
I have highlighted comments by famed Columbia University economist Jagdish Bhagwati before (see “Jagdish Bhagwati: Obama is a protectionist”). Bhagwati has since gotten with the program and sees Obama in a much more favourable light. However, he is sceptical because Obama has not said boo about free trade. Now Bhagwati is turning his attention away
Jon Stewart on Lenny Dykstra
Here is a clip from the Daily Show with Jon Stewart that highlights Lenny Dykstra, the former baseball player turned financial guru. To my mind, it really puts the bubble years into perspective. By the way, I am a Boston Red Sox fan. And, in 1986, when the hated New York Mets beat us in
Cramer: Now is the time to buy a house
Jim Cramer is not just calling a stock market bottom, but now he’s calling a housing bottom too. In fact, he says go buy a house. “Buy a house and buy Bank of America too?” Cramer says: “This is patently obvious.” Take a look and tell me what you think. Personally, I know his stock
Black: Stress tests and the Big Lie
I found this story and video of Bill Black on Tech Ticker (hat tip Larry Doyle). Basically, Black thinks the stress tests were a joke, a common theme heard from those in the know. Listen to what he says about a really difficult stress test we gave Fannie Mac ten years ago. Results of the