Posts Tagged ‘mutual funds’

Book Review: A Random Walk Down Wall Street

Book Review: A Random Walk Down Wall Street

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

First published forty years ago, A Random Walk Down Wall Street by Burton G. Malkiel is one of those books – much like Benjamin Graham’s The Intelligent Investor – more referred to than actually read. Malkiel’s central thesis – that equity markets are so efficient at pricing stocks relative to their risk that the vast majority of [&hellip

The Giffen Good Concept Applied To Investments

The Giffen Good Concept Applied To Investments

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

Editor’s Note: A version of this post appeared in the San Antonio Express News “So…Money” column. The only “C” I got in college was in Intermediate Macroeconomics, but I remember one economics term that I really loved — the “Giffen Good.” With ordinary, rational, economic behavior, we expect that when prices go up, people buy [&hellip

New Highs in the Dow Part III - What Should I Do?

New Highs in the Dow Part III – What Should I Do?

By The Banker | Blog Posts, Investing, Personal Finance

Please see New Highs in the Dow Part I – Indifference and Inevitability And New Highs in the Dow Part II – What’s going to happen? ——————————————— First, if you’re actually an investor[1]  in public securities[2], take a moment to be sad about these past two weeks and all the new highs hit in the [&hellip

Book Review: Simple Wealth, Inevitable Wealth by Nick Murray

Book Review: Simple Wealth, Inevitable Wealth by Nick Murray

By The Banker | Book Reviews, Investing, Personal Finance

Nick Murray’s Simple Wealth, Inevitable Wealth, [1] deserves to be the exception to my rule of never reviewing “How to Invest” books. Stylistically, Murray’s prose is the Yin to Nassim Taleb’s Yang.[2]  Murray is gentle, meditative, and modest in affect, part financial advisor and part Zen master, contemplating the beauty of compounding investment returns[3] and [&hellip

Who Killed Fund Performance?  We All Did!

Who Killed Fund Performance? We All Did!

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

Essay Review of “Murder on the Orient Express – The Mystery of Underperformance” Once in a while I read something which crystalizes for me – with data and arguments better than I could hope to make – what I already suspected but hadn’t yet put into words. Charles D. Ellis writes in Financial Analysis Journal[1] [&hellip