Bye

I've got a new job with Pine River, and I want my new colleagues to know I'm not going to blab about anything that comes up, so blog...

Historical CBO Budget Projection Highlights Bias

Recently the CBO issued its annual budget projection , and it's pretty benign for the next decade, then climbs at a pretty measured pace...

MSCI Quality Index

I was unaware MSCI had beaten AQR to the punch by producing a boatload of quality indices last spring.  These are applied worldwide, so the...

de Botton on Status Anxiety

I find Alain de Botton's approach to philosophy rather refreshing, because one senses his genuine lack of certainty, and appreciation of...

How to Maximize Lottery Revenue

As a proponent of the idea that people are oriented towards their relative success, not absolute wealth, I think this lottery idea is fiendi...

The Boring Premium

Todd Mitton and Keith Vorkink from (boring) BYU published Why Do Firms With Diversification Discounts Have Higher Expected Returns? Their a...