"We have little trouble recognizing that a chess grandmaster’s victory over a novice is skill, as well as assuming that Paul the octopus’s ability to predict World Cup games is due to chance. But what about everything else?" [Luck and Skill Untangled: The Science of Success
posted by vidur
on Nov 20, 2012 -
Best known for the (exaggerated) tales of her miserliness, Hetty Green
was arguably the greatest female investor
in history. During the 1907 Bankers' Panic
, her loan of $1.1 million helped keep New York City solvent. Her estate - greater than that of J.P. Morgan's - was valued at more than $2 billion in today's money. [more inside]
posted by Trurl
on Feb 5, 2012 -
Every year the Strategy Team at Saxo Bank
, a Danish virtual bank
, publishes a list of ten black swan class market events. Some of the more dramatic possibilities Saxo advance for 2009: crude trading down to $25 a barrel causing severe social unrest in Iran, the S&P 500 falling to 500, Chinese GDP approaching zero and several member states dropping the Euro. The complete 2009 list is here
and for completeness their 2008
[ .pdf ] , 2007
[ .pdf ] and 2006
lists [ .pdf ] are also available. [more inside]
posted by Mutant
on Jan 7, 2009 -
Follow the money: for the past year, the big trade
was short bank stocks, and use the cash to go long oil. Massively profitable, but now that trade is unwinding. So where is the big money being invested now? Lots of places: diamonds
, fine art
, and Madonna
posted by Mutant
on Aug 20, 2008 -
Want to learn about investing?
Morningstar, an independent investment researcher, is offering 172 free online "classes" on stocks, bonds, funds, and portfolio building. And there's nifty quizzes at the end of each lesson where you can earn points that can be used for Morningstar products.
posted by ThePinkSuperhero
on Jan 9, 2007 -
Get Rich Slowly,
a personal finance web site (created by our jdroth
), has been educational to someone who spent most of his life until now pretending financial matters don't exist. His blog is updated frequently, and contains insightful tips on living frugally, eliminating debt, saving and investing. Between his site, and another very educational site entitled I Will Teach You To Be Rich
), I've greatly expanded my knowledge about managing my money effectively. Perhaps most importantly, they're both consistently interesting and easy reads. [more inside]
posted by knave
on Aug 1, 2006 -
Carl Icahn's Time Warner efforts
find a powerful ally in "white-shoe"
investment bank Lazard
. Wall Street M&A advisors have been hesitant to support efforts by Icahn and his hedge fund brethren in their share-holder activist efforts for fear of alienating fee-paying corporate clients (investment banking, legal and registration fees on the Time Warner/AOL deal
were approximately $300 million). By hiring Lazard
, which is led by banking legend Bruce Wasserstein (1
), Icahn is surely raising the intensity of his campaign against Time Warner management. Icahn has been successful in previous shareholder activist campaigns, most notably against Blockbuster (1
), and talks a pretty mean game
. Wall Street will be watching this closely - hedge fund activism is becoming a very real fear for company management/directors: Circuit City/Highfields Capital
, Bally's Fitness/Pardus Capital & Liberation Investment Group
, Axciom/ValueAct Capital
, MSC Software/ValueAct Capital (reg. required)
, Beazer Homes/Tontine Capital (second story on page)
posted by mullacc
on Nov 30, 2005 -
An unexpected side effect of iTunes.
Remember Bowie Bonds
? Introduced in 1997, bonds tied to future profits of music artists (besides Bowie, James Brown and the Isley Brothers offered them) tanked with the advent of online filesharing. Thanks to iTunes, some on Wall Street are betting that the Bowie Bond is a concept with a future.
posted by me3dia
on Aug 23, 2005 -
America's Black Budget - the Manipulation of Mortgage and Financial Markets
Investors benefit from understanding the federal budget, credit policies and covert intervention that drive markets -- often overriding fundamental economics. How has the US governmental apparatus become so powerful in the marketplace and what does it mean to the health of our economy? How unstable is the mortgage bubble and where are the opportunities for investors if the bubble bursts?
posted by willnot
on Jun 28, 2004 -
Is a Market Disaster Immement?
The Federal Reserve has confirmed [a] Stock Market Crash forecast by raising the Money Supply (M-3) by crisis proportions, up another 46.8 billion this past week. What awful calamity do they see? Something is up. This is unprecedented, unheard-of pre-catastrophe M-3 expansion. M-3 is up an amount that we've never seen before without a crisis
posted by willnot
on Jun 2, 2004 -
The SEC has created a fake website
to try and educate the naive. I can't decide if this is a good idea, or if someone has too much time on their hands and is wasting my tax dollars.
posted by FreezBoy
on Jan 30, 2002 -