Moneyterms RSS feed
Rather than keep posting repetitive “what’s new on Moneyterms” posts here, I have added an RSS feed of the latest additions to Moneyterms, it can be added to any feed reader, to Firefox as a live bookmark, etc. The latest additions to Moneyterms are also now shown on the home page of this site, at the bottom of the side bar.
CAPM: wrong but useful
I previously wrote a defence of CAPM in reply to this post. Even given that the empirical empirical evidence shows that high beta portfolios do not generate higher returns, the beta is still useful for investors. (more…)
Forget index tracking
I have been leaning towards passive investment for sometime, but I had not seen any evidence or argument that helped decide whether tracker funds or buy and hold mechanical strategies were better. Thanks to the Behavioural Investing blog I found this illuminating paper.
CAPM is OK
Richard Beddard not only endorses a condemnation of CAPM, but he wants to know if I am reading. I say it is the worst valuation model, apart from all the others. (more…)
Immigrants: less criminal than native borns and essential
In the last few days I have seen two solid pieces of evidence emerge for my views on immigration. The first is research showing that immigrants are more law abiding than the native born (found via Unintended Consequences). The other is the experience of American towns which cracked down on illegal immigrants, only to rethink after seeing how damaging this could be to their economies (thanks to Brad De Long). (more…)
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