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The Loser’s Game (1975)

I recently read a famous article The Loser’s Game written by Charles D. Ellis in 1975. This is one of the articles that kick-started the passive investing movement which continues today. Reading through the article and ignoring the dates, you cannot tell that it was written 40 years ago, as the content still rings true today. There … Continue reading

The Low-Down on LIBOR

Most people are not clear what exactly LIBOR is. Here’s a quick primer in a FAQ-like format. Who Administers LIBOR? LIBOR (London InterBank Offered Rate) was previously administered by the British Bankers’ Association (website here), and was handed over to Intercontinental Exchange (ICE) Benchmark Administration (IBA) on January 31, 2014 (website here). How Is LIBOR … Continue reading

Soros’ Reflexivity vs. Microeconomics 101

PM Jar recently had a post (link here) on Chapter 1 of George Soros’ Alchemy of Finance. I had never read the book before, but reading through PM Jar’s post, Soros’ point makes a lot of sense. The idea here ties in with Soros’ theory of reflexivity. Basically, in the markets, the actions of market … Continue reading

Book Review of Get Wise to Your Advisor by Steven D. Lockshin

The full title of this book is Get Wise to Your Advisor: How to Reach Your Investment Goals Without Getting Ripped Off by Steven D. Lockshin (2013). According to the bio in the book, Steve is the founder and CEO of Convergent Wealth Advisors and was Barron’s top-ranked advisor. I picked up the book because I … Continue reading

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