The Curious Case Of Capital (Mis)Allocation
Star Trek (Next Gen): Jean-Luc Picard A growing number of folks are becoming aware that the performance of most mutual fund managers over an extended period does not exceed that …
Finance
Top 10 Reasons For Fiat Currencies
Yuan Dynasty Banknotes (circa 14th century) Let’s end the year with some humor from The Daily Capitalist and its recent post titled “Top Ten Reasons Why Fiat Currency Is Superior …
A Money Chart For Finance Geeks
Samuel L. Clemens stamp, 1940 November 30th is Mark Twain‘s birthday, which makes me think of some of his witty quotes such as this one: “It could probably be shown …
M-Cubed: Mounting Muni Meltdown
Governing.com: Municipal Bankruptcies Governing provides a dynamic map concerning municipal bankruptcies. It and ZeroHedge offer plenty of commentary, so we won’t regurgitate. For perspective, however, keep in mind the size …
Derivatives: Collateral Posting Not Retroactive
Highway Robbery The folks at Pragmatic Capitalism (PragCap) posted a blog today by Walter Kurtz titled “Time to Stop Fearing the Greek CDS Bogeyman.” The article essentially presents an argument …
Curation Edition: Amazon, Netflix, Monkeys And Politics
It’s easy to beat “sophisticated” investors Amazon.com is experiencing shrinking margins, increased R&D expenses, and decreased efficiency. Can anyone say Layoffs and Stock Price Haircut? Remember Whitney Tilson? He went …
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Oil Being Sold In Euro And Dirham
Kish Oil Bourse (Aug 2011) Please reference “Iran’s Kish Oil Bourse Begins Oil Transactions in Euro and Dirham” dated 19 August 2011 from Hamsayeh.net. Having an oil exchange that trades …