October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
Re: your wife... are professional economists (she's an economist, right?) more risk-averse or simply more risk-aware?
Free investment advice (remember you only get one roll of the die)
1 keep costs LOW (this includes interest on mortgages)
2 diversify a lot
3 keep costs real low
4 invest in your human capital. its the only way to make real money.
My faith in efficient markets makes it hard for me to believe that this "puzzle" will continue; I actually expect long-term bonds to perform nearly as well as stocks in the coming 50 years.
Maybe Nobel-winning economists who invested poorly shared the same delusion that I currently do, and only in retrospect do they admit that their investment decisions were wrong. (Flattering myself is fun!)