Archive for May, 2010

  • Peter Thiel on Timing
    Posted by on May 18th, 2010 at 6:17 am, Comments: 0

    There is an old saying that timing is everything. One of the dilemmas with our post bubble hypothesis is that while the enormous distortions affecting [...]

  • Intellectual Flexibility
    Posted by on May 18th, 2010 at 6:03 am, Comments: 0

    There is a difference between what you think it should happen and what ultimately happens, especially in the short-term perspective where supply and demand are [...]

  • Charlie Munger on being selective
    Posted by on May 16th, 2010 at 1:50 pm, Comments: 0

    It’s not given to human beings to have such talent that they can just know everything about everything all the time. But it is given [...]

  • The Link between Inflation and Equity Returns
    Posted by on May 3rd, 2010 at 9:55 pm, Comments: 0

    Several studies have indeed demonstrated that in the first stage of an inflationary cycle, equities perform relatively well because the first signs of inflation are [...]

  • Stock Market or Market of Stocks
    Posted by on May 2nd, 2010 at 7:13 pm, Comments: 0

    Over the past several years the money that has gone into ETFs has significantly increased. As a result the correlation between stocks from one sector [...]

  • The Importance of Liquid Secondary Markets
    Posted by on May 1st, 2010 at 3:11 pm, Comments: 0

    Higher liquidity leads to a decline in transaction costs (bid/ask spread + commissions) and therefore: a decrease in risk premium. If you are able  to [...]