Monthly Archives: March 2007

Around the Web, and then Some

There were two articles on reinsurers this morning suggesting that there should be a lot of consolidation via M&A. I’m not so sure. First, most players there want to acquire, not be acquired. Second, most of them don’t trust the underwriting and reserving of their competitors to the degree that they trust their own. To […]

Around the Web

There was an article in Forbes interviewing Jeremy Grantham that made me think. He suggests that value investing might be heading for a period where it will underperform. I.e., value stocks are not as relatively undervalued as they normally are. If he is correct, what should I do? I could shut off the value discipline, […]

SFAS 159

I’m not an accountant.  I have never taken an accounting course in my life.  Yet as an actuary and a financial analyst, I have had to use accounting rules to understand financial statements, both in the production of them, and the interpretation of them.  (I even remember writing a paper explaining the effect of the […]