Archives for investing



FREAK-y Stat of the Day: It’s 2008 All Over Again

This Freaky stat comes courtesy of reader Benjamin Bias, who brought to our attention this oddity, as noted by Joe Weisenthal at Business Insider:

Yesterday, Oct. 3, 2011, the S&P 500 closed at 1,099.23.

Exactly three years ago, on Oct. 3, 2008, the S&P 500 closed at 1,099.23.

As if investors needed anymore reason to be nervous these days.



“Growing Up Buffett”: New Freakonomics Radio Podcast

Who will succeed Warren Buffett as CEO of Berkshire Hathaway?

That’s still up in the air, but we can tell you the two people who won’t be running Berkshire:

1. The discredited David Sokol

2. Peter Buffett, Warren’s son.

Peter Buffett, at 53, is the youngest of three Buffett kids, and he’s the star of our latest Freakonomics Radio podcast, “Growing Up Buffett.” (you can download/subscribe at iTunes, get the RSS feed, listen live via on the media player at the top, or read the transcript here) He’s a musician, author, and philanthropist, and we spoke to him for an upcoming hour-long radio program called “The Church of Scionology.” It’s about family business, and takes a hard look at what happens when the scion of a family takes over upon the founder’s departure. We mine the academic literature on the topic and talk to people around the world about the ins and outs of family business. Read More »



American Confidence, or Lack Thereof

A wealth manager I know sends out a quarterly letter to clients that summarizes his view of the economy and his resultant investing plans. Here’s a nice paragraph from his most recent letter… Read More »



How Paul Samuelson Really Got Rich

Over at Economic Principals, David Warsh reveals little-known facts about Paul Samuelson’s acuity as an investor and his involvement in an early hedge fund called Commodities Corp.: “Long famous for the fortune that his pioneering textbook earned him after 1948, it turns out that Samuelson may have made more money as an investor than as an author. He was both smarter and richer than is generally understood: as an investor, a bigger winner, perhaps, than the more volatile John Maynard Keynes.” Read More »



Looking to Twitter for a Market Edge?

If you’re looking for a hot stock tip, consider Twitter. A new paper by Timm O. Sprenger and Isabell M. Welpe looks at the effects of microblogging on stock prices. Read More »



Recanting a Small Part of Lifecycle Investing

On page 9 of Lifecycle Investing, Barry Nalebuff and I write:

“[B]efore you invest in stocks, first pay off all your student loans and credit card debts.”

On reflection, we were only half right. You should pay off your high-interest-rate credit card loans before investing in stock. But in this post from our Forbes blog, Barry and I show why young investors need not pay off their student loans before investing in stock. Read More »



Did Paul Samuelson Support Leveraged Lifecycle Investing?

Here is a post coauthored with Yale School of Management professor, Barry Nalebuff, regarding Paul Samuelson’s criticisms of our Lifecycle Investing strategy. Read More »



Ode to Lifecycle Investing

Ayres and Nalebuff coauthor a poem. Read More »