One of the problems with books of historical case studies is a lack of general principles, and a feeling that the authors are looking in the back of the book for the answers. The post-mortems don't really offer any guidance for the … Continue reading the story "Deals From Hell"
According to Modern Portfolio Theory, the basis for most of modern stock market analysis, the crash of October 1987 shouldn't have happened in our lifetimes. In fact, it shouldn't have happened in the lifetime of the country. It should have happened, perhaps, once … Continue reading the story "The (Mis)Behavior Of Markets"