2 Posts Found

You’ve heard it a million times: Nobody can beat the stock market, so just stash your investment dollars in index mutual funds and settle for “the average return.” Behind that nostrum is the so-called efficient market theory, which holds that stock prices already reflect all the available information about a company, making it impossible for anybody to get a leg up.

Efficient market theory no longer … [ Read more ]

Author: Robert A. Jaeger | Source: The Wilson Quarterly (Autumn2008) | Subjects: Articles & Links, Finance | Investing

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., … [ Read more ]

Author: Simon Johnson | Source: The Atlantic (May2009) | Subjects: Articles & Links, Economics | Economy, Finance | Investing