Critical Flaws in Binance and Other Crypto Exchanges
For most of 2022, financial news has been filled with stories about big losses across all asset classes. But one of the biggest losers has been…
Category
Economics & Commentary
Was Wordle Sold for a Fair Valuation? Probably Not.
Admit it-- we're all hooked on Wordle. It's annoying and cluttering up everyone's social media, but we can't stop doing the daily puzzle and checking our…
What is Bitcoin?
Bitcoin is a monetary system. The best way to understand it is in comparison to two other monetary technologies: the gold standard and the U.S. Federal…
Everyone is Lying About Texting and Driving
I just finished a run in my neighborhood. Took about 70 minutes. To pass the time, I decided to keep track of how many drivers I ran by that were texting…
The Hidden Economic Miracle of Driverless Cars - Way Fewer Dead People
Driverless cars are coming! And along with robot drivers, a lot will change in American culture. One aspect that will change, that I think is…
What Are Repo Rates and Why Are They Messed Up?
Two weeks ago, something weird happened in the lending markets that businesses and banks use to shuffle their spending money around. A sharp increase in…
School Shootings and Availability Bias
Did you know that today's young parents were about 58% more likely to get shot at school than today's school-aged children? Contemporary thirty-somethings…
News Sources: How to Stay Informed and Limit Bias
The reliability of various news media was a focus of discussion during the 2016 and 2018 elections. Various news sources have been criticized as biased,…
Financial Mad Libs: How To Recognize and Ignore Them
The online media ecosystem is filled with all kinds of financial news. Quarterly earnings reports, Fed watching, political commentary, early retirement…
Is The New Healthcare Rule A Sly Stimulus Program?
Last week, President Trump announced a change to federal healthcare rules which will affect employers that offer Health Reimbursement Accounts (HRAs).…
Political News in 2018 That Mattered To Your Portfolio
Last week I wrote a bit about how many unethical financial advisers make extensive use of pressure sales tactics. Political news items are some of the…
Cognitive Bias Series: Confirmation Bias
This is Part 1 of a series of posts about various cognitive errors that lead to poor investment decisions. Part 1 deals with confirmation bias. I know…
Stock Buybacks Aren't Evil
I have read several articles over the past year that include some harsh criticism of corporate stock buybacks. Most include a version of the argument:…
Cowen has Misled Us On AOC's Marginal Tax Rate Idea
Tyler Cowen is my favorite blogger. He is completely unique, brilliant, and infinitely curious. But he just wrote a really bad article for Bloomberg on…
21 Inc. is Worse than Vox Thought
Recently I have seen several headlines surrounding a new tech firm 21 Inc. that has raised a considerable amount of capital. They specialize in bitcoin…