Two economists on labour and value
I came across two interesting quotes from two famous economists of the 18th and 19th centuries: (more…)
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Time for growth investing
I am hardly the first person to recommend switching to growth investing. There has recently been crop of strategists arguing that we are at the point in the cycle where growth is likely to out-perform, as economic growth returns. (more…)
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Educating Lucy: Maths
As I have said before, I do not like the way in which schools teach maths, so what do I do instead? Do stuff that is fun, that encourages the underlying skills rather than focusing on arithmetic. (more…)
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Value investing, efficient markets and CAPM
The value effect, does not cast doubt on the efficient market hypothesis (as Richard Beddard suggests), but on CAPM. Nonetheless, I still think investors should use CAPM, or something very like it. (more…)
How big business undermines the free market.
The FT has the best mainstream media take I have seen on something I have been saying for a long time. (more…)
Why teach toddlers to read?
As promised in my post on how we taught my daughter to read, here is why I think children should be taught to read as young as possible. There are three good reasons, and the first one is more than enough. (more…)
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Proof clever people diversify.
its true. Research shows that the higher people’s IQ: (more…)
Efficient markets, bamboozled journalists and stupid regulators
The media seems to have reached a consensus that the efficient markets hypothesis (EMH) has been discredited by the financial crises. I have been somewhat bemused by this, as I could not see the connection. (more…)
Educating Lucy: learning to read
I strongly believe in teaching children to read young, and our experience with Lucy so far has been confirmed that belief. We largely used the methods my mother used, because I knew they had worked for me and my sisters. (more…)
Schools teach maths the wrong way
The idea that what should be a beautiful and fun subject is being destroyed by schools is not mine: a mathematician has expressed it much better. Personal experience seems to confirm it. (more…)
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