“I’ve made more money during recessions being long treasuries than short equities”
Or why you may want to LBO St. Peter’s Cathedral; or not.
Geometric progressions embody one of investors’ most ardent love-hate relationships, and like any self-respecting star-crossed lover, are wildly misunderstood.
The University of Chicago recently released a fascinating conversation between Eugene Fama and Richard Thaler. Fama is of course the father of the “Efficient Market Hypothesis”. Thaler on the other hand is most known for his work on human irrationality and so-called…
I just finished reading Michael Mauboussin’s “Reflections on the Ten Attributes of Great Investors”. The paper masterfully exposes the traits he has most encountered in outstanding investors over his thirty year career in finance.
