Nick Shaxson Entirely Misses The Point Of Comparative Advantage
Sure, we can forgive people for not grasping the point or detail of comparative advantage. It is, after all, the only non-trivial and non-obvious...
The Finnish Experience – Happiness Is Financial Illiteracy
We're told that Finland is financially illiterate, so much so that the central bank is desperately trying to teach people how to count their...
It Was Always Trivially Obvious That The Brexit Financial Services Deal Would Be Done
Glory Be, we are saved, Britain's financial services industry won't be cut off from the European markets. All of which is akin to that...
Euribor Is Not The European Union’s Equivalent Of Anything
Two blokes who tried to fiddle Euribor have been sentenced to substantial jail terms.
Good.
The more impersonal markets are - and there's little quite as...
Heavy Lyft-ing
The future, so they say, is with the new economy. New ways of doing things will replace all the old ways in short order....
That’ll Kill The Next Financial Crisis – City To Spend No More Than £50...
It is indeed true that we can make a case for prudential regulation of the financial markets. In theory we can at least. The...
Shutting Stock Markets Is Damned Idiocy
Investors are panicking. The markets are in freefall. Companies are on the brink of collapse, and stock indices are flying in every possible direction....
Revenue Recognition Is Always A Difficult Thing – Tesco, Eddie Stobart and WeWork
Just when is revenue actually revenue?
A supermarket chain, a trucking and logistics company, Turkish fruit packaging, the most overhyped VC investment of all time,...
This Isn’t What Out Of The Money Option Means
The black swan theory of investing came to prominence in 1987 after the Black Monday Wall Street crash. Investors realised that some stock options...
Why Would Elon Musk Care About Tesla’s Share Price Crash?
Well, yes, obviously, he owns a significant portion of the company's stock and so his paper losses, from that recent peak, are substantial. But...