Your Average Joe Economics: Cash is King. Is it?
Its 2019, and a recession is in our future, and in a recession, cash is king, or so they say. Yes, its good to have a ton of it when the marketRead More…
Its 2019, and a recession is in our future, and in a recession, cash is king, or so they say. Yes, its good to have a ton of it when the marketRead More…
“How low can stocks go?” –The Wall Street Journal, March 9, 2009 The autumn of 2008 was a damn scary time, and by March 2009, the S&P 500 had sunk below 700Read More…
“For those of us who experienced it, October 19, 1987, Black Monday,will be remembered as a bone-shaking event. Since then, the Dow Jones Industrial Averages has risen more than 25,000 points. MarketsRead More…
“Properly measured, the average actively managed dollar must underperform the average passively managed dollar, net of costs. Empirical analyses that appear to refute this principle are guilty of improper measurement.”–William Sharpe, “TheRead More…
“Long-Term Capital Management was an American hedge fund that managed more than $100 billion in assets at its peak. It was run by literal geniuses; many former university professors, two of whichRead More…