
Wouldn’t hold much hope for investors in a hedge fund founded by Steve Keen to put other’s money where his mouth is all the time
28 Apr 2018 Leave a comment
in business cycles, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), macroeconomics, monetary economics Tags: active investing, monetary cranks, revealed preference

35 years later: Diamond-Dybvig model of bank runs
26 Apr 2018 1 Comment
in business cycles, financial economics, global financial crisis (GFC), macroeconomics, monetary economics Tags: bank panics, bank runs
The wages of sin
23 Apr 2018 Leave a comment
in economics of regulation, financial economics Tags: active investing

Didn’t know Starbucks and McDonald’s were doing so well
16 Mar 2018 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle

.@NZSuperFund still struggles to beat reference portfolio @TaxpayersUnion; 1.45% p.a. since inception
26 Nov 2017 Leave a comment

from https://www.nzsuperfund.co.nz/performance-investment/monthly-returns
Little wonder that no hedge fund headhunts from the New Zealand superannuation fund. Their staff turnover ratios are below 10% and often 5% and the CEO is paid a pittance by hedge fund standards.
Page 32 of "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/12SEI9p http://t.co/HYm0II2UNI—
Catherine Mulbrandon (@VisualEcon) May 08, 2013
Page 33 of "An Illustrated Guide to Income" more economic #dataviz at: bit.ly/10M7lqR http://t.co/FcmaqZWB32—
Catherine Mulbrandon (@VisualEcon) May 09, 2013
A century of America’s 10 largest companies
21 Nov 2017 Leave a comment
in economic history, financial economics, industrial organisation, survivor principle
Eugene Fama Why Small Caps and Value Stocks Outperform
11 Oct 2017 Leave a comment
in entrepreneurship, financial economics
Financial regulation and financial crisis | Sam Peltzman
11 Oct 2017 Leave a comment
in applied price theory, economics of regulation, financial economics, global financial crisis (GFC), macroeconomics, monetary economics, Sam Peltzman Tags: offsetting behaviour, unintended consequences
Are markets efficient? Fama debates Thaler
10 Oct 2017 1 Comment
in behavioural economics, entrepreneurship, financial economics Tags: efficient markets hypothesis
Graphic that was not published with my op-ed in the @NZHerald
28 Sep 2017 Leave a comment
in financial economics, managerial economics, organisational economics
Op-ed is here.

Source: MSD, Household incomes in New Zealand: Trends in indicators of inequality and hardship, 1982 to 2016; graphic at https://datawrapper.dwcdn.net/cJKvY/1/
The house always wins even among sin shares
28 Sep 2017 Leave a comment
in economic history, financial economics
… the mean excess return varies from a low of 5.3% (alcohol), through 9.6% (biotech), 10.0% (adult services), 14.7% (tobacco) and 24.6% (weapons), to a high of 26.4% (gaming).
Source: Dimson E; Marsh P; and Staunton M. “Responsible investing: does it pay to be bad?” Global investment returns yearbook. Credit Suisse Research Institute 2015.



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