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Why We Tend to Trick Ourselves into Making Bad Trades
Hans Christian Andersen recorded a folktale about a poor farmer who takes his horse to market to sell or exchange for something that will be more practical for his farm. … Read More
The Subsidy Is Running Out: Why Cheap Urban Amenities Are Not So Cheap Anymore
There’s an old business school joke about an entrepreneur who prices his widgets at half the cost of making them. “It’s true I’m losing money on every sale,” he explains, … Read More
The Cost of Trying to Time the Market
Trying to Time the Market – In this issue The impact of being out of the market for a short time can be profound, as shown by this hypothetical investment … Read More
Banking Woes, Government Stabilization Efforts
By now you know that the run on Silicon Valley Bank (SVB), and and the bank’s widely-reported inability to pay back its depositors, was followed by well-reported problems with other … Read More
Bond Banking Aftershock
All the banking turmoil—both real and perceived—sent waves through the bond market. Two-year U.S. treasury bonds experienced a 1.2% rate drop over five trading days. Depending on how you look … Read More
Do Declining Diesel Prices Predict a Recession?
Before the devastating tsunamis of 2004 rolled over the coastlands around the Indian Ocean, local animals seemed to sense the coming disaster. Eyewitnesses reported that elephants moved to higher ground, … Read More
The Downside to Target Date Funds
Legendary infomercial pitchman Ron Popeil wasn’t just the inventor of the Chop-O-Matic, the Pocket Fisherman, and Mr. Microphone. He was also the creator of one of the greatest slogans in … Read More
Celebrating Groundbreaking Research with Giants of Finance
Celebrating Groundbreaking Research with Giants of Finance In this article from Dimensional This year marks the anniversaries of research that laid the foundation for a new way to invest. Merton’s … Read More
SVB on the Run
One might be forgiven for thinking that runs on a bank, and banking failures, are a thing of the Great Depression, not something you encounter in modern times. One … Read More
Diamonds Found and Made
You probably know that diamonds are created when buried pieces of organic material (carbon) is subjected to tremendous pressures and heat deep underground for long periods of time, fusing the … Read More