Archive for the ‘Wall Street’ Category

Book Review: I.O.U. by John Lanchester

Book Review: I.O.U. by John Lanchester

By The Banker | Book Reviews, Wall Street

In reading and reviewing John Lanchester’s I.O.U. – Why Everyone Owes Everyone and No One Can Pay I continue my quest for the best contemporary histories of the 2008 Crisis. One reason to study and understand a crisis like 2008 is to avoid repeating it.  George Santayana’s pithy justification for historical review – “those who [&hellip

1930s Style Debt Defaults?

1930s Style Debt Defaults?

By The Banker | Blog Posts, Wall Street

A sometime gold-coin buyer and a frequent reader of Bankers Anonymous sent me a message a few days ago, linking to the CNBC headline “1930s-style debt defaults likely, says IMF,” and with the simple question: “Mike – True?” Harvard economists Carmen M. Reinhart and Kenneth S. Rogoff’s latest paper, commissioned by the IMF and published [&hellip

TED Talk on Inequality - Insights from Rigged Monopoly Games

TED Talk on Inequality – Insights from Rigged Monopoly Games

By The Banker | Audio Posts, Inequality, Video, Wall Street

Definitely worth watching this. Social scientists rigged a Monopoly game to see how people’s behavior changes with changes in socioeconomic status.  And they tested other games to study the effects of money on things like empathy.  You may not be surprised, but you will be interested.     Please see related post on Monopoly and [&hellip

Stocks vs Bonds - The probabilistic answer

Stocks vs Bonds – The probabilistic answer

By The Banker | Blog Posts, How Not To Invest, Investing, Personal Finance, Wall Street

Beg, Steal & Borrow I’ve gotten in the awkward habit on Bankers Anonymous of stealing monthly thoughts from an investment advisor named David Hultstrom of Financial Architects LLC – about whom I know very little – except that he writes very clearly and sensibly about personal investing. In this month’s note to his clients he [&hellip

Book Review: Investing Demystified by Lars Kroijer

Book Review: Investing Demystified by Lars Kroijer

By The Banker | Book Reviews, How Not To Invest, Investing, Personal Finance, Wall Street

Can we invest our own personal portfolio in a sophisticated way, to maximize our risk-adjusted returns, without incurring high costs or having to be financial experts ourselves? In his book Investing Demystified: How To Invest Without Speculation And Sleepless Nights, Lars Kroijer says yes. Kroijer was a hedge fund manager who argues forcefully against hedge [&hellip