Month: April 2014

Robert Shiller says we’re in a tech bubble But wasn’t the alleged tech bubble supposed to have burst in 2012? Oh well, chalk that up as another incorrect liberal prediction. Eugene Fama and Robert Shiller were awarded the 2013 economics Nobel Prize, despite holding opposing views of the market. Shiller, a pioneer of behavior finance,… Continue reading Irrational Investors Don’t Exist

The inimitable, sagacious Warren Buffett is known for his aphorisms, but is this useful investment advice, and second, is Warren Buffett really the great investor as he’s cracked up to be? Don’t overtrade/Hold stocks forever. Continued: http://www.thereformedbroker.com/2013/11/30/on-spinning-ones-wheels Buy When There’s Blood in the Street. Continued: http://www.freemoneyfinance.com/2012/04/buy-when-theres-blood-in-the-street-and-why-buffett-is-a-market-timer.html The Oracle’s tips are easily countered with some obvious… Continue reading A Critical Look at Warren Buffett

As we’ve been writing since 2011, we’re still in the smartist era of hyper-capitalism, credentialism, consumerism and spendism. As of 2008, never before in such a short period of human history has so much wealth been created and yet, instead of marveling at the resiliency of the consumer, the web 2.0 & economic boom, and… Continue reading Our New Era

We’re in a value centric economy. People are being paid for the value they produce. Wages were too high pre-2008 relative to the value being produced. The freelancer economy including sites like Task Rabbit is part of a trend of labor converging with value. High-salaried tech employees have drastically driven up rents in San Francisco.… Continue reading The State of the Economy

Many assume high frequency trading (HFT) has made the markets less stable and dishonest. In reality, markets were unstable and crooked before the advent of computerized trading. A century ago, it wasn’t uncommon for indexes and individual stocks to fall several percentage points in a single day for seemingly no reason. Fast forward to today… Continue reading Could High Frequency Trading Have a Stabilizing Effect on the Market?

Zman writes: You are not going to hear Rotary Club Republicans advocating euthanasia or forced sterilization of the unfit. Those are topics discussed by Progressive in the faculty lounge. Not so sure about this. I’m sure it’s the other way around. Covertly, many republicans probably do acknowledge the potential good that can come out of… Continue reading Could Republicans Endorse Eugenics?

The Flash Boys vs. the Market Machines Liberals like Michael Lewis are attacking technology again. This time it’s high frequency trading. HFT has more positives than negatives in terms of lower costs for retail investors. HFT simply means trades occurring at a high frequency. There is nothing inherently malicious about that. A couple weeks ago… Continue reading Liberals Attacking Technology Again

Today’s job report throws more cold water on Krugman’s thesis that inequality is bad for the economy or that ‘GOP imposed austerity’ has hurt employment. After a winter slowdown, the job market hit a milestone in March as the private sector finally recovered all the jobs lost in the 2008 financial crisis. I hate to… Continue reading Job Report Proves Krugman is Wrong

Granted financial analysts and economists are important people, but what is the public liberal school system trying to teach their young minds? The left has criticized standardized testing for years, but it’s still the most objective way of measuring ability because grade inflation and differences of curriculum has rendered high school GPA’s nearly useless. A… Continue reading Let’s Teach the Kids to Code