China should focus more on consumption than on manufacture in order to pump economic growth, said Chen Zhiwu, a Professor of Finance at Yale School of Management.
Research from behavioral economists shows we are prone to overvalue recent returns more than the longer term — to our deep financial detriment. Yale University’s Robert Shiller and William Goetzmann, together with with Dasol Kim at Case Western Reserve, studied investor expectations of market performance and found that there’s a strong tendency to erroneously anticipate future returns based on recent trading history.
The shock from Brexit is pummeling investors on both sides of the Atlantic with huge losses.
When Pablo Picasso’s “Les Femmes d’Alger (Version O)” sold at Christie’s in New York for $179 million dollars in May 2015, it was only the 36th time in the past 315 years that a world auction record had been set, and the sale raised questions well beyond the art world. How could a single painting be worth so much? Why is art so important to wealthy households? What economic and social factors could lead to enshrining Picasso’s colourful near-abstract portrait as the most valuable picture in the history of the modern world?
Investor fears are being exacerbated by reports of poor market returns, according to a recent study. The pessimism is almost certainly hurting their investments. Simon Constable explains.
Banking regulators may have made a big mistake, according to a new BIS working paper.
Whatever banking’s post-recession connotations may be, the historian William Goetzmann argues that monetary innovations have always played a critical role in developing civilization.
Forget everything you’ve been told about how to respond to stock market volatility: Selling into it may not be that bad of an idea after all.
A global history of money looks beyond bubbles, crashes and bailouts to argue that finance has been indispensable to progress for millennia
For those of you still laboring under the efficient markets hypothesis here is a tidbit: investors overestimate the chances of a stock market crash by a factor of about 10.