New on Money Terms
The latest additions to Money Terms are:
- passive investing, which adds a more general discussion to subjects already coverd by other entries,
- the closely related trio of crash, correction, and bull run,
- an explanation of what embedded computers are.
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Free speech is dead
Alisher Usmanov’s shut down of Criag Murray’s blog is yet another example of how British law makes it easy for the rich to shut down less well heeled critics with the threat of legal action. They do not need to actually convince a court that they have been libelled. (more…)
Credit crunch humour
Two outstanding bits of humour:
This cartoon at the Washington Post: found via this blog post.
On a slightly different topic The Daily Mash also has a good grasp on the future of work: die at your desks.
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A better PEG ratio
While making some improvements to the Moneyterms explanation of the PEG ratio, I started thinking about ways of addressing the weaknesses of this ratio. The main problem with it is its short term nature, which makes shares that have mere enjoyed spikes in their growth, look like bargains. (more…)
Northern Rock should have been allowed to fail
Willem Buiter is quite right to criticise the Bank of England’s bailout of Northern Rock. The message to bank directors and shareholders is quite clear: “take big risks, and if they go wrong the taxpayer will pay for your mistakes, if they work, you can keep the profit”. (more…)
New Moneyterms site
I have moved Moneyterms to new hosting and to the wonderful Modx platform. The time spent developing the new site was minimal, but I also replaced all the automatically generated “related page” links with manually chosen lists, which was a lot of very tedious work. It should improve site navigation.
I also removed the “Guides” section, as it was simply not good enough. It will reappear with rewritten material.
Now that is behind me I have started adding new entries again, starting with style index, discount rate, long term PE, market neutral and synthetic security.
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Actively manage your pension
Most people are quite happy to allow a fund manager to look after their pension, even those who actively manage other investments. I suggest the opposite. There are very good reasons for concentrating on your pension. (more…)
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Modx light document tree
Moved to: http://pietersz.co.uk/software/light-doc-tree
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More bull market?
FT Alphaville is skeptical of Morgan Stanley strategist Teun Draaisma’s bullish outlook. Looking at the arguments he makes in detail, I think he has a point, although I would be more worried about the downside. (more…)
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