Institutional Investing
While CEOs and executives everywhere instantly fell for Big Tech's gen AI bullshit and believed every word, young people see exactly the horrifically negative impact it's having on basic learning and literacy and intelligence -- as described in this excellent piece from The Verge. It's
Institutional Investing
Enlightening piece from Mike Brock at Notes from the Circus about rent control. Often depicted as borderline idiotic by conventional economists, Brock disagrees with typical clarity. We live in an age when fundamental issues about the shape and structure of the US economy are more unsettled in the minds of
Institutional Investing
CALPERS Has Underperformed a 60/40 Index Fund by 50bps per annum - For the Last 40 Years Think about that. Nearly forty years of returns below what could have been achieved for almost nothing and lower volatility. But instead the ~$450B California state pension fund has missed out on tens
Institutional Investing
Headline/Summary: (In order of oldest to most recent) ELON IN LUDICROUS MODE ON TESLA'S Q3 CALL * The Common Sense Sceptic rebuts Musk's ridiculous and increasingly desperate assertions on Tesla's Q3 earnings call, one by one, point by point. FOR BUYOUT DEBT, TEN IS
China
There are several major systemic headwinds facing the Chinese economy in the years ahead but the property bust and HOME PRICE DECLINE is the biggest reason consumer confidence has been shattered and why growth will continue to stagnate for years to come. Prices are still falling and will likely continue
Economy
Return Advantage of Stocks over Bonds Has Shrunk to Lowest in 15 Years But US Endowments' Equity Beta Likely Highest Ever A review of the asset allocation history of the largest American endowments shows that the amount of equity risk currently being taken is at the highest level in