AI Still Hasn’t Discovered the Secrets of Financial Behaviors
Behavioral economics and finance were an innovative new approach to economics and human behavior. But the economists still don’t get it. Human Behaviors Not Meant to be Studied? You might have noticed that Daniel Kahneman, one of the two founders (with Amos Tversky who predeceased him thereby being passed over for the Nobel) just died. […]
WHY HASN’T AI DISPLACED WARREN BUFFETT YET?
There’s a global industry out there devoted to predicting stock prices; the evidence shows that human traders rarely beat index funds or the S&P. Is AI going to finally figure out how to do that? Don’t bet on it, but we have a way. Is AI Expert? Whither AI? The pundits all see it taking over […]
The Nobel in Economics: Another Bubble?
Am I the only person in the world to be wondering about the recent prize in economics? How they awarded it to 3 different people (to wit Lars Peter Hansen, Eugene F. Fama and Robert J. Shiller) with totally different theories and approaches? I mean, which one was right? Aren’t the Nobels supposed to be […]
AI Leads Inexorably to Stratospheric Levels of Global “Safe” Debt
Ultra-High Intelligence, Ultra-High Debt? Things come down from on high for a reason. The US is straining to figure out how to raise the debt ceiling. According to S&P, global debt has hit a record $300 trillion, 350% of GDP – $37,500 per global capita of debt versus GDP per capita of just $12,000. Oh yeah, from […]
Can You Measure Value Creation for Government and Nonprofits?
What’s the Point? You can predict the value that nonprofits and government are creating by assessing the value-adding behaviors of their leaders. Full disclosure: This references my research into the financial styles of CEOs (see “The Three Financial Styles of Very Successful CEOs”) Government Childcare Program Not Working (Gasp) Did you see this one? Research […]
Which Crypto Companies Will Win?
One Million Cryptos? Cryptocurrencies are hot. Many of the companies are public so they are attracting a lot of attention. I published a blog recently in which I pointed out that there are about 4,000 crypto companies but there could be more than a million eventually since its relatively simple to set one up these […]
A Million Cryptocurrencies?
We’ve had our little crypto correction. Now. prices are down a bit. Should we be worried? Despite what you might think about the cryptos, they’re meeting a lot of needs for a lot of people. So, they’re going to stick around, even if China bans them. Their price is just a sideshow. The real issue […]
Will Quantum Computers Destroy the Bitcoin Economy?
China Again… You might have noticed that a city in China (Suzhou) is conducting a trial of digital money. They have given this money (but note, not Bitcoins) to regular people for free and are letting them spend them online and even in person. Its aimed at exploring the extent to which digital money can be […]
An R-shaped “de-covery”?
So the latest GDP data shows the US economy fell 9.5% in the 2nd quarter of 2020. That’s the worst showing ever since the Great Depression. It doesn’t get worse than that right? Or maybe it does. Hmmm, what is worse than a Depression? The economists now need to put their thinking caps on. There was a time […]
What’s an MBA Really Worth Post Covid-19?
Is there a problem with MBA degree? And the people who earn them? Our research into behavioral finance (what’s that!!!) shows an inverse correlation between MBAs (and any higher degree in finance) and business acumen. Just thought I would throw it out there to dispel rumors that the educated hoi polloi are going to be the movers […]