The Libertarian Problem

Over at the NYTimes, David Brooks argues a big problem with the Republican party is its libertarian bias: While losing the popular vote in f...

Signal and the Noise Seems Better Than it Is

I read The Signal and The Noise because I got two copies as Christmas presents.  It was an enjoyable read, like popcorn in that while I li...

Low Vol Football Betting

Analytic Investors has now taken "low volatility" investing to the next level: football (see here , click on NFL Analytic Alphas)....

Don't Renounce Instincts

 In this Bloggingheads video between Robert Wright and Buddhist Gary Weber, Weber notes that he has achieved such a state of bliss that he...

Don't Innovate Too Much

Dick Thaler gives out some advice to econ students: My advice for young researchers at the start of their career is… Work on your own ideas...

A Happy Skewness Delusion

There are several papers asserting that investors like positive skew to their returns. This is because empirically investors tend to be high...

CBO Shenanigans

The US budget deficit has been large for quite a while, and there doesn't seem to be a lot in terms of revenue increases or expenditure ...

Getting Back to Basics

From Bloomberg : Chief Executive Officer Michael Corbat, said “We’ve got to get to a point where we stop destroying our shareholders’ capita...

Interesting Equilibria

Over on TheEdge , they asked 150 people what worries them most.  One of the more interesting responses by Dylan Evans notes that while Democ...

Falkenblog in Top100

I made a list of the top 100 finance blogs.   Thus, everything I write, like that on the internet in general, is even more true.  If you lik...

Kurzweil on Creating a Mind

I just got done reading Ray Kurzweil's How to Create a Mind , his latest on how machines will soon (2030ish) pass the Turing test, and t...

Is Broker-Dealer Leverage the Elusive SDF?

Every year thousands of young people attend elite schools to learn about business. One of the core courses is Corporate Finance, and one of ...

Bob Haugen RIP

Bob Haugen passed away last Sunday. My favorite Haugen articles are really two.  In Commonalities in  the Determinants of Expected Stock Ret...

Hubbard on Relative Risk

Glenn Hubbard was a major academic bank researcher when I was in graduate school, and later he became a Republican stalwart and dean of Co...

Dimensional's Latest on Low-Vol

Ronnie Shah has a new piece on low volatility investing (Residual Volatility and Average Returns , Dec 2012), and as he works for Dimension...

Buy AAPL

With the VIX at lows, and central banks across the globe printing money at breakneck pace, it seems a great time to be long equities. Not th...

Some Classic Economics Articles

Here are some of my favorite economic articles.  You might enjoy them. Bruce Yandle on Bootleggers and Baptists . I think this is a really d...