Back in March, I wrote one of the most popular posts on this site titled Ultra ETFs and Counterparty Risk. It is a long detailed post where I outlined my concern that if a seismic shock to the financial world hit, I wouldn’t be completely confident that leveraged ETFs would survive.
Today AIG was bailed out. [...]
In the post Irrational on the Way Up, Rational on the Way Down?, I touched on the psychology of would be home buyers that watch prices drop faster than they can save money. Saving money and delaying purchase will become more and more popular. Meanwhile the inventories of unsold homes will continue to increase. Besides [...]
I’m continually amazed on how otherwise intelligent people fail to learn the lessons of history. Whenever an asset class gets into an inflated bubble, the bubble does top out and the blowback is a bitch. Prices do not settle to fair market. They overshoot. Home prices will not settle gracefully to fair market values. They [...]
OK it isn’t a true finance book, but it is one hysterical read.
Dave Barry’s Money Secrets: Like: Why Is There a Giant Eyeball on the Dollar? by Dave Barry makes fun of the everyman economic advice handed out by the likes of Suze Orman. You will laugh until you cry. This is an outstanding book [...]
In the last few years I’ve read quite a few books that are related to finance. Here are my favorites broken down by sub-genre.
Basic Investing
Bull’s Eye Investing: Targeting Real Returns in a Smoke and Mirrors Market by John F. Mauldin is my pick for the average person that wants to invest in the stock market. [...]
On March 9th, 2006 after receiving the money from the sale of my house in San Diego County, I wrote in the post Won The Lottery :
Yesterday, I received the money for the sale of that house. It was A LOT of money. The amount of profit was insane. I am another winner [...]
Back in March I reviewed a financial history book called Devil Take the Hindmost. In that post I listed how America 2008 was starting to look like Japan 1990. One of the items I mentioned was in regards to accounting.
2. Central bankers turned a blind eye to banks that wouldn’t write down bad debt.
The Big [...]
