Before Facebook Deal, Instagram's Talks With Twitter - NYTimes.com:
This one will be talked about for years:
"Facebook’s deal to buy Instagram for $1 billion stunned Wall Street and Silicon Valley when it was announced in April. But executives at Twitter had an additional reason to be surprised. Instagram’s founders “held several meetings as late as March with top Twitter executives,” The New
Irving Fisher, the First Celebrity Finance Professor - Bloomberg
Irving Fisher, the First Celebrity Finance Professor - Bloomberg:
A history lesson on the man behind the "Fisher effect"
"Fisher developed revolutionary insights into financial theory that are still invoked today. He explained that the market interest rate coincides with the human tendency to discount an uncertain future when compared with the more pressing present. He argued that we distribute
A history lesson on the man behind the "Fisher effect"
"Fisher developed revolutionary insights into financial theory that are still invoked today. He explained that the market interest rate coincides with the human tendency to discount an uncertain future when compared with the more pressing present. He argued that we distribute
Take the money: Why we make better financial decisions for strangers than family
Take the money: Why we make better financial decisions for strangers than family
This
one should not really surprise anyone and is essentially the logic
behind my recent test question of "what is the role of a financial
planner in the face of investors prone to behavioral biases".
"They
found participants were more likely to select a smaller immediate
reward than delay for a larger
Why Should Hostess Executives Get The Bonuses They're Demanding? - Forbes
Why Should Hostess Executives Get The Bonuses They're Demanding? - Forbes:
"AP is reporting that the Irving, Texas company is planning to ask a bankruptcy judge to grant approval of bonuses totaling up to $1.8 million for its executives....It’s tough to see why managers should get bonuses for driving a company into the ground and sacrificing some 18,000 jobs. Hostess had become horribly
"AP is reporting that the Irving, Texas company is planning to ask a bankruptcy judge to grant approval of bonuses totaling up to $1.8 million for its executives....It’s tough to see why managers should get bonuses for driving a company into the ground and sacrificing some 18,000 jobs. Hostess had become horribly
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance
Former baseball star Doug DeCinces indicted for insider trading - Yahoo! Finance:
"DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, according to an indictment filed in a federal court in Southern California.
DeCinces, 62, bought $160,000 worth of stock in
"DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, according to an indictment filed in a federal court in Southern California.
DeCinces, 62, bought $160,000 worth of stock in
How Do Banks React to Increased Asset Risks? Evidence from Hurricane Katrina by Claudia Lambert, Felix Noth, Ulrich Schuewer :: SSRN
How Do Banks React to Increased Asset Risks? Evidence from Hurricane Katrina by Claudia Lambert, Felix Noth, Ulrich Schuewer :: SSRN:
Two takeaways:
Banks increase risk-based capital ratios in times of great uncertainty.
The increase comes largely from well capitalized banks and by reducing loans.
From the Abstract:
"[We] find that banks in the disaster areas increase their risk-based
Two takeaways:
Banks increase risk-based capital ratios in times of great uncertainty.
The increase comes largely from well capitalized banks and by reducing loans.
From the Abstract:
"[We] find that banks in the disaster areas increase their risk-based
Diversifcation: good but not as good as you probably think
Index cohesive force (Photo credit: Wikipedia)
For years (at least since 2001) this idea has been a
mainstay in my classes. The benefits of diversification have been
overstated. Why? The correlations that are used to diversify and get
the so called optimal portfolio change and the change is NOT in a random format:
the correlations go up in bad times.
The Physics of Finance: Why
'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC
'Drunken' Broker Sent Oil to 8-Month High in 2009: Report - US Business News - CNBC:
"...an admin clerk called Perkins to ask why he had bought 7 million barrels of crude during the night. Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout," according to the FSA."
"...an admin clerk called Perkins to ask why he had bought 7 million barrels of crude during the night. Perkins had no recollection of the transactions, and it turned out that he had made the trades during a “drunken blackout," according to the FSA."
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012
ATM fees hit record high, free checking accounts decline - Sep. 24, 2012:
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
" McBride says that the banking industry has lost income due to an increase in regulations, and that's made free checking accounts harder to find.
"Two regulatory changes in particular have cut the legs out from free checking, he said, "one putting restrictions on overdraft charges, and the other limiting swipe fees when
CEO pay in the FTSE 100
English: Differences in national income equality around the world as measured by the national Gini coefficient. The Gini coefficient is a number between 0 and 1, where 0 corresponds with perfect equality (where everyone has the same income) and 1 corresponds with perfect inequality (where one person has all the income, and everyone else has zero income). (Photo credit: Wikipedia)
CEO Pay
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha
New 'Tail Hedge' ETF Hunts Black Swans - Seeking Alpha:
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
It is a little eearly in the school year for my classes to cover this, but oh well, we will anyways! lol
" First Trust recently launched a new "Black Swan" styled ETF that pairs a tail risk hedge with equities, which will help limit an investor's downside risk.....The tail hedging strategy protects a portfolio from extreme market
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew
Mark Gongloff: Libor Fraud Was Happening In 1991, Trader Says, 17 Years Before Timothy Geithner Claims He Knew:
"...the earliest time-stamp on Libor manipulation we've seen yet -- is a Financial Times op-ed by former Morgan Stanley trader Douglas Keenan. He claims that Libor, a key short-term bank lending rate that affects mortgages and other interest rates throughout the economy, was being
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com
The Agenda: A Closer Look at Middle Class Decline - NYTimes.com:
Interesting NYTimes Blog article:
"Since median inflation-adjusted family income peaked in 2000 at $64,232, it has fallen roughly 6 percent. You won’t find another 12-year period with an income decline since the aftermath of the Depression.
Why? Hard to say, their attempt:
"In the simplest terms, the relatively meager gains
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