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The outcome seems about right. I'd like to know though how they calibrated the risk profile to age and other personal factors. I'm young and aggressive, which is reflected in the rational risk avoidance component. But these personal factors also mean I can be resilient: the worst case is that...

Trading is zero sum at the point of transaction. The sum nets to zero because shares are always transacted for cash. Buyers in the IPO sold their stakes at 85 and realized a profit. This profit was financed by the party that bought from them. That party now has an unrealized profit of $15 per...

Interest rate increases don't make sense when the government is the largest borrower. A rate hike will only increase inflation in such a situation as it increases the income stream from the government to the private sector. Keeping rates low works to keep inflation low under the current...

I can find Norwegian stocks through TWS, although I'm not sure what data plan you'd need to access them. I'd contact Interactive Brokers if I were you.

There's no historical precedent for the USD as the American economy has yet to experience a prolonged downturn in demand under a fiat system. However, there are now strong indications that the rest of the world is changing its savings desires for US dollars. Also, there are no strong indications...

I think Faber misunderstands the downward trend of the US dollar. It's not inflationary expectations which have caused it, but deflationary expectations. What the USD carry trade is pricing in is a prolongued period of low interest rates, which only materializes during times of soft economic...

I partially agree. I agree with you that the shape of your equity curve is irrelevant in making investment decisions. Although that is not the case when you factor in risk exposure from the use of leverage, in which case your equity curve necessarily becomes relevant. When you factor out...

The Dutch holding company only holds the royality rights and franchise IP. The stores are owned by a Liechtenstein trust that's controlled by the founder's family.

The government deficit is supporting the private sector. Removing that support will collapse private sector revenues and investment, which will in turn collapse tax revenues.

Facebook's revenue potentials are the selling of virtual goods, consumer behaviour statistics and targeted advertising. They have cornered the social graph market just as google has cornered the search market. At some point in the future I can see their market cap being equal to google's...

His mistake was that he couldn't take the risk of the Tokyo Stock Exchange closing. If you buy in a situation that involves a large earth quake and a nuclear disaster you should make sure that you're capitalized for a situation in which the exchange closes.

Marxism is the materialistic branch of Hegelianism.

Costs for a college education are low in Western Europe. In the Netherlands you pay Euro 1600 per annum, in France and Germany it's free. Recent graduates usually start out at 120 - 160% of the minimum wage so you'll earn more than most plumbers right out of college. If you'd have take on the...

Netflix is one of those businesses that represents the revolutionary change in the way we consume content. It's hard to predict if Netflix will maintain their market dominance but what's certain is that they and their direct competitors will drain revenues from traditional media retailers and TV...

The disaster has created an insurance liability which is driving the demand for yen. Insurers collect insurance premiums in yen and reinvest this float in foreign currencies. The creation of a huge liability means they have to reconvert their float into yen.

The rate of interest is not absolutely tied to risk when it comes to government debt. Governments which issue currency do not have to rely on debt to fund themselves. Just think about it, if you could issue your own currency would you need some other party to lend that currency to you? Of course...

"The overnight lending rate is the most important benchmark interest rate for many other important rates, including banks’ prime rates, mortgage rates, and consumer loan rates, and therefore the Fed funds rate serves as the “base rate” of interest in the economy. In a state money system...

I wouldn't want to invest with a US bond manager that's levered a cash position. I see no good reason why anyone else would either. Besides that, Gross has completely misunderstood the macro dynamics that are at work at the moment in the United States. Low interest rates are a phenomenon...

The United States has become a two tiered judicial and political system: Private wealth interests are protected by the constitution to monopolize public debate while worker bargaining rights and other forms of free expression that run contrary to their interests are outlawed. Unions are...