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Most recent posts

  • Bye

    posted to Falkenblog on Tue 24th Sep 13

    I've got a new job with Pine River, and I really want my new colleagues to know I'm not going to blab about anything that comes up, so blogging is now really over.  Of course, if you bump into me you can always buy me drinks and try to get me spill the

  • Historical CBO Budget Projection Highlights Bias

    posted to Falkenblog on Tue 17th Sep 13

    Recently the CBO issued its annual budget projection, and it's pretty benign for the next decade, then climbs at a pretty measured pace.Yet, note that in the last recession our debt relative to GDP doubled.  Given that economists still don't have a good

  • MSCI Quality Index

    posted to Falkenblog on Sun 8th Sep 13

    I was unaware MSCI had beaten AQR to the punch by producing a boatload of quality indices last spring.  These are applied worldwide, so they are necessarily more parsimonious than AQRs...but jeez, these are really barebones:1) Net Income/Book Equity2)

Most popular posts

  • Bank Leverage Limits

    posted to Falkenblog on Tue 21st Dec 10

    I've seen several posts riffing on Tyler Cowen's American Interest article stating banks tend to go 'short volatility'. I'm not too interested in it because I think it's a misleading way to put the problem. Banking crises are correlated with business cycles,

  • Nassim Taleb Imitates Kanye West

    posted to Falkenblog on Sun 5th Dec 10

    The often angry-looking Nassim Taleb just published a book of unlinked tweets: The Bed of Procrustes. It is short and has a Kindle version that costs 72 cents less than the hardcopy. As to its flaws, it reminded me of one of my favorite aphorisms: "the man

  • Unintentionally Harmful Econometrics

    posted to Falkenblog on Wed 26th May 10

    Labor economists joshua Angrist and Jorn-Steffen Pischke have a neat little book on econometrics: Mostly Harmless Econometrics. Alas, the link to anything written by Douglas Adams is a bit strained, but I appreciate their light-hearted approach. Basically,

Latest posts linking here

  • Top clicks this week on Abnormal Returns

    posted to Abnormal Returns on Sun 8th Sep 13

    Thanks for checking in with us this weekend. Here are the items our readers clicked most frequently on Abnormal Returns for the week ended Saturday, September 7th, 2013. The description reads as it does in the relevant linkfest:The top ten stocks the ultimate

  • Monday links: like glass bottles

    posted to Abnormal Returns on Mon 2nd Sep 13

    Quote of the dayPeter Sleep, “ETFs are not simple but I think they are as reasonably safe, or at least as safe, as the underlying assets. ETFs are like a glass bottles; they can contain water or they can contain nitroglycerine.” (FT)Chart of the

  • Monday links: the cost matters hypothesis

    posted to Abnormal Returns on Mon 26th Aug 13

    Quote of the dayJohn Bogle, “The cost matters hypothesis is all that is needed to explain why indexing works: gross return in the market as a whole, minus the costs of obtaining that return, equals the net return investors actually receive.” (FT)Chart