End of Month Anomaly

Calendar effects in stock returns have been prominent in the finance literature since the 1970s. It's easy to pull in a time series and...

Ilmanen's Expected Returns

If you are in the investment industry, you should read this book. You should know the facts across different asset classes.  These are essen...

This is Big News?

I chuckled when I read this : FAA Administrator Randy Babbitt told a congressional hearing that the controller was "found intentionally...

I'm in Disney World!

Gotta love Spring Break. Get to visit the in-laws, whose internet connectivity consists of a AOL LAN connection! Mother-in-law says she do...

Capital Requirement Probably no Good

David Henderson noted that capital cushions are not cushions at all, highlighting a perverse effect of these requirements. One of the more ...

Punked by Google

For about 10 seconds I thought they were serious, which makes it all the funnier...see Google's new 'Motion' app . Also, jobs fo...