The Dow and 7 Days of Disaster
Disasters affect financial markets from Pearl Harbor to Fukushima, but what role does human behavior play in market successes and failures?
Top 15 Best Paying College Degrees: 2012
With the rise in college tuition showing no sign of slowing down, a new, wide-ranging paper offers a tool for grads, or those choosing a degree, to figure out what their degrees might be worth.
Dr. Kent Smetters: The 2012 IA 25 Extended Profile
A good argument could be made for excluding Wharton professor Kent Smetters from the IA 25.
BlackRock, Harvard: Retirees Don’t Know What They Want, but It Might Be Annuities
“You don’t get a radically different answer when you change the wording of a question about whether you want chocolate or vanilla ice cream, but with annuities you do,” says Harvard professor David Laibson.
Mohamed El-Erian: The 2012 IA 25 Extended Profile
Within the first minute of meeting Mohamed El-Erian, you understand why his company, PIMCO, and the man, is so successful.
The 2012 IA 25
Some people ride a wave and some people, like the honorees of the 10th annual IA 25, create a wave.
Most Advisors Caught Failing Clients in Research ‘Sting’
Results of findings by National Bureau of Economic Research, which had undercover actors portraying clients, showed Boston-area advisors putting their own interests first.
Financial Literacy Low Among Vulnerable Populations: NBER
While the last few decades have made new products more accessible to “small investors,” this puts undue pressure on investors who are “financially unsophisticated” and may have difficulty understand complex products, according to a working paper from the National Bureau of Economic Research.
The U.S. economy is a highly-complex, multifaceted mechanism.
Finding Value in a Loser’s Game
As John Kenneth Galbraith famously pointed out, we have two classes of forecasters: those who don’t know and those who don’t know they don’t know.