Tag Archives: leverage

[T]he Efficient Markets Hypothesis [is] in contention for one of the strongest hypotheses in the whole of the social sciences. Strictly speaking the EMH is false, but in spirit it is profoundly true. Besides, science concerns seeking the best hypothesis, … Continue reading

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So is it going to happen again? Another crippling financial maelstrom, I mean. I guess we haven’t yet reached the period of complacency that was said would follow the “subprime crisis” or the “financial mess” or whatever you want to … Continue reading

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Leverage & Derivatives

Derivatives contracts allow you to make bets on an asset without owning it. Like a side bet. I don’t have to own, watch, or like the Dallas Cowboys to bet on their success / failure. You can bet on a … Continue reading

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Finance Week

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The Biggest Middle Finger

“What I have learned about the hedge fund business is that I hate it.”  I was in this game for the money. The low hanging fruit, i.e. idiots whose parents paid for prep school, Yale, and then the Harvard MBA, … Continue reading

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Leverage & Derivatives

Derivatives contracts allow you to make bets on an asset without owning it. Like a side bet. I don’t have to own, watch, or like the Dallas Cowboys to bet on their success / failure. You can bet on a … Continue reading

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