Interesting Reading – December 12, 2016
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.   Why Mohnish Pabrai Likes GM, Fiat, and Southwest Air - Barron's, December 9, 2016.  Mohnish Pabrai's Pabrai Funds ...
The Big Short by Michael Lewis
If you are already cynical about the motives and practices of professional investors in the major Wall Street banks, chances are that you are not even half as cynical as Michael Lewis. In The Big Short, Mr. Lewis spins a ...
Greenspan: Those Who Predicted Housing Bubble are “Statistical Illusions”
Perhaps no other government policymaker has suffered as much reputational damage due to the housing collapse as former Federal Reserve Chairman Alan Greenspan. Mr. Greenspan has defended his record in recent months and recently published a paper outlining his views ...
The Dangers of Commitment Bias
In the world of purely efficient markets, economic actors behave in their own rational self interest by dispassionately weighing the evidence and making optimal decisions on investment matters. In the real world, emotions are often an investor’s worst enemy and ...