Are markets efficient? Eugene Fama (yes!) and Richard Thaler (no!) debate
30 Nov 2016 Leave a comment
in applied price theory, behavioural economics, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, Eugene Fama, passive investing
Vice Fund and Vanguard Social Index head to head
31 Oct 2016 Leave a comment
in economic history, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing, social investing
Cumulative value of $1 invested in Vice Fund on launch date, 30 August 2002
Can You Beat the Market?
28 Oct 2016 Leave a comment
in entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, passive investing
The rewards of buying and holding
20 Oct 2016 Leave a comment
in economic history, financial economics Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, passive investing
Source: How Are We Doing? – AEI.
How Expert Are Expert Stock Pickers?
22 Sep 2016 Leave a comment
in economics, financial economics Tags: active investing, passive investing
Index Funds: The 12-Step Recovery Program for Active Investors
19 Aug 2016 Leave a comment
in economics, financial economics Tags: active investing, efficient markets hypothesis, hedge funds, passive investing
Has ethical investing ever beaten the market? @GreenpeaceNZ
29 Jul 2016 Leave a comment
in environmentalism, financial economics Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, ethical investing, passive investing
VFTSX is the Vanguard social investing index fund – a fund that invests in an index made up of ethical investing funds.
Source: VFTSX Vanguard FTSE Social Index Inv Fund VFTSX Quote Price News.
Has the Vice Fund ever not outperformed the share market?
28 Jul 2016 3 Comments
in fisheries economics Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, ethical investing, passive investing
The Vice Fund is a mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from the tobacco, gambling, defense/weapons, and alcohol industries. A primary focus of stock selection is the ability to pay and grow dividends.
Source: VICEX USA Mutuals Barrier Investor Fund VICEX Quote Price News.
Paul Samuelson on everything you need to know about the efficient markets hypothesis
31 May 2016 Leave a comment
in applied price theory, fisheries economics Tags: active investing, efficient markets hypothesis, entrepreneurial alertness, passive investing, Paul Samuelson
The growth of passive investment funds continues
16 Apr 2016 Leave a comment
in economic history, entrepreneurship, financial economics Tags: active investing, efficient markets hypothesis, Index linked funds, passive investing
Source: These Charts Show the Astounding Rise in Passive Management – Bloomberg.
https://twitter.com/pmarca/status/718341190123458560
Source: The Financial Industry Is Having Its Napster Moment – Bloomberg.
@RusselNorman @JulieAnneGenter a hedge fund specialises in shorting renewable energy shares @Greenpeace
03 Feb 2016 Leave a comment
in defence economics, economic history, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, global warming Tags: active investing, disinvestment, entrepreneurial alertness, ethical investing, Fossil Fuels, green rentseeking, hedge funds, passive investing, renewable energy, solar power, Vice Fund, wind power
Just as the Vice Fund specialises in investing in tobacco, alcohol, gaming and defence shares, Cool Futures Funds Management is starting-up to specialise in betting against global warming by shorting green stocks:
…instead of renewables being our energy future, they’re betting on the subsidies drying up and the whole industry collapsing; instead of fossil fuels being left in the ground as “stranded assets”.
An example of the nice little earners this hedge fund can come across is anticipating when particular investors will want to disinvest from fossil fuels.
When institutional investors ranging from universities to sovereign investment funds such as the New Zealand Superannuation Fund seek to disinvest from fossil fuels, that will be a good time to buy cheap shares.The
Do panic sell-offs pay
01 Jan 2016 Leave a comment
in economic history, financial economics Tags: passive investing
If bureaucrats were any good at picking winners, they would be hedge funds managers
30 Jul 2015 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, entrepreneurship, financial economics, human capital, industrial organisation, labour economics, managerial economics, occupational choice, organisational economics, rentseeking, survivor principle Tags: active investing, corporate welfare, efficient markets hypothesis, entrepreneurial alertness, hedge funds, industry policy, passive investing, picking winners, The fatal conceit, The pretence to knowledge
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
The hedge fund industry held $2.9 trillion of assets in June. Exchange-traded funds did better econ.st/1DdXgWS http://t.co/CK2foqMOpw—
The Economist (@EconEconomics) August 01, 2015
Utopia, you are standing in it! 
Recent Comments