Monthly Archives: May 2009

Book Review: Quantitative Strategies for Achieving Alpha

In order to do this book review, I have to compare the book to five others that I have reviewed. Trend Following, (2), (3), (4), (5) Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell The Fundamental Index The Alchemy of Finance, and Soros on Soros What Works on […]

One Dozen More Notes on the Economic Scene

1) I may as well start out the evening with some predictions. I’m not an expert on this, but Chapter 9 of the bankruptcy code applies to municipalities, but not states. Given the problems with state & municipal pensions, we will probably see chapter 9 modified over the next two decades to allows states to […]

Selling Hartford, Buying Canadian National

Since the last time I wrote about my portfolio, things have been volatile.  Here are my actions since then: New Buys National Western Life Insurance Canadian National Railway New Sells — Hartford Financial Rebalancing Buys: Assurant (brnging it up to a double-weight) Dorel Industries Rebalancing Sells: Allstate (2) Assurant Companhia De Saneamento Basico General Dynamics […]

Book Review: Street Fighters

This week, amid everything else I was doing, I read the entirety of the newly released book, “Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street,”  written by Kate Kelly, Wall Street Journal reporter who covered Securities firms like Bear Stearns, and wrote three major articles as it declined. […]

The Zero Short

Wrong Something for nothing. Intellectual and financial achievement. We showed those losers. Hey, it’s free money! -==-=–=-==-=-=–==-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- Possibly Right Don’t play for the last nickel.  It may cost you a buck or more. Shorting is not the opposite of being long, it is the opposite of being leveraged long.  You don’t control your trade in […]

Stressing Bank Tests

Perhaps we have it easy in the life insurance industry.  Solvency is defined on two criteria: risk-based capital, and a variety of cash flow testing schemes, both contingent and noncontingent.  Truth is, it’s not that easy, but the life insurance industry has been more proactive on risk management than the banks. I have not talked […]