Capitalists need more than ideas
"The economic benefits which the whole society, including the poor, does receive from capitalism come about strictly as secondary consequences, not as primary goals. The primary goal which makes the system work is the personal, private, individual profit motive. What Exactly Is Risk?
The most commonly used academic definition of risk is standard deviation - a measure of volatility. Unfortunately, two investments with similar standard deviations can experience entirely different distribution of returns.How Behavioral Finance Can Help You Set and Keep Financial Goals
If financial goal setting is to be truly successful, it must account for the way in which people behave, including the really stupid stuff we all do from time to time. Shiller: What We Can Learn from Past Crises
During a recent visit to China, Shiller spoke to Caixin about the continuing fallout from the financial crisis, and what China can learn from other countries' mistakes.Retail Bonds – The Risk and the Rewards
Retail Bonds seem to be one of the most popular investment opportunities available in the UK Financial Services market right now, with small investors flocking to hop on the band wagon and earn themselves some ‘easy’ money. Nowcasting The Business Cycle
Periods of economic contraction are inevitable, or as close to inevitable as anything in the world of macro can be. Enlightened policy by central banks and governments may be able to minimize the damage by restricting recessions to brief, relatively mild episodes. Professor Woo Wing Thye on Malaysia's economic performance since 1970
Professor Woo, President of the newly established Jeffrey Cheah Institute on Southeast Asia, talks about the watershed moment in the country’s recent economic history and argues for a bi-partisan consensus around “an inclusive national development” plan as the only way forward.Behind a Real-Estate Empire, Ties to India's Gandhi Dynasty
The buyer represented by the man in the SUV, according to state land records, was Robert Vadra, a member of India's powerful Nehru-Gandhi political clan, whose Congress party leads the country today and has for much of its more-than-66-year post-colonial history.Value Investing in Micro & Mega Caps
We are value investors. We like to say that we pray in the church of Graham, Dodd, Buffett and Munger. We call ourselves opportunistic value investors, because there are a lot of different flavors and styles of value investing. Our portfolio probably doesn’t look like anyone else’s in the world.Dare to Be Great II
Is the efficient market hypothesis relevant? Do efficient markets exist? Is it possible to “beat the market”? Which markets? To what extent?The Sad State of the Economics Profession
It is not an exaggeration to say the current reputation of economists is probably just below that of a used car salesman. The recent failures of economic policies to boost growth or employment have tarnished this image even more. What’s the Frequency Zenith?
The subject to which the first group of words pertains is, of course, Michael Lewis’s new book, Flash Boys; and the second phrase refers to a certain president of a certain exchange, who made a complete fool of himself during the fierce media debate that has surrounded the book since it burst upon the public consciousness in the space of what ironically felt like a few nanoseconds.It's not capitalism that Cuba should be worrying about but markets
Less well known and less common are the cooperatives but they are part of a political balancing act for the government, which needs to move hundreds of thousands of workers off the state payroll but also wants to slow the rise of capitalism.Income Inequality Arises From Market Forces and Requires Government Intervention
Inequality is everywhere. In a rainforest, mahogany trees take up more water and sunlight than all the other plants and animals. In our economic ecosystems, entrepreneurs and investors control more of the assets than the rest of us do.The Future of Economic Progress
The emerging questions are sufficiently different from those of recent decades that one can sense a shift in the conceptual framework that will structure the discussion of economic progress – and economic policy – from now on.Karl Polanyi Explains It All
The more famous critic of capitalism is of course Karl Marx, who predicted its collapse from internal contradictions. But a century after Marx wrote, at the apex of the post–World War II boom in both Europe and the United States, a contented bourgeoisie was huge and growing.The five factors inhibiting every investor in today's advice-laden world
"Research from psychology indicates that the 'rational' investor that underpins traditional economic theory does not exist. Instead, people are simply 'normal', and their decisions are motivated and influenced by a complex mix of cognitive, social and emotional factors.Myths and realities of clean technologies
Four critical elements—cost, access to capital, the go-to-market approach and regulation—typically must come together to create successful cleantech businesses.It's Time to Put Freedom Back Into Free Enterprise
Ever since the financial crisis, we've been trying to re-boot, reset or reform our globally interdependent financial system. Lately, this drive to reboot has focused on capitalism itself. This is good news in that it demonstrates our commitment to capitalism. How Complex Systems Fail – by Richard I. Cook
The complexity of these systems makes it impossible for them to run without multiple flaws being present. Because these are individually insufficient to cause failure they are regarded as minor factors during operations.