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It was a telling paradox in the debate about executive compensation: Fuld was a CEO with most of his wealth directly tied to the firm on a long-term basis, and still he took extraordinary risks.
Andrew Ross Sorkin • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves
1/5
Good article: "After 15 years of ultra-loose monetary policy, many financial institutions have strategies that are designed for a low-rate world, and are ill-prepared for higher rates."
This unfortunately always becomes obvious after the fact.
https://t.co/fPzETj0PWi
Michael Pettisx.comthat, contrary to standard belief, the market shares of many technology companies could be predicted with great accuracy, even if the underlying changes in technology changed frequently.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Some thoughts from Bill Gross on portable alpha.
(Sources: "Portable Alpha Theory & Practice" and “Consistent Alpha Generation through Structure”) https://t.co/YK0yhtytRl
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
This certified genius is probably more to blame for this than anyone. But never forget that liberal slop publications like the @FT and @politico backed his idiotic secondary sanctions. We have the least impressive leadership class in centuries of Western history. https://t.co/0ykADdHfjl
key components of the financial system: the bond market, the stock market, the insurance market, the real estate market and the extraordinary globalization of all these markets
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
10 Great Books on Macroeconomics
1) A Monetary and Fiscal History of the United States 1961-2021 - Alan Blinder
A terrific work by a leading economist and former central banker. Candid, insightful and often funny, the discussions on academia vs practice are particularly good. https://t.co/MfY0OguV7F