Besides insuring bank deposits, the federal government guarantees a number of other financial transactions, including farm credits, home mortgages, student loans, small business loans, pensions, ...
http://blog.garven.com/2023/03/10/federal-financial-guarantees-problems-and-solutions/
Fascinating quote from page XXXIII of Peter Bernstein’s 1996 book “Against the Gods: The Remarkable Story of Risk” (cf. https://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/04712956...
http://blog.garven.com/2020/09/07/on-the-origin-of-the-word-algorithm/
Fascinating article on the pre-Covid-19 development of a pandemic insurance product by an epidemiological modeling firm called Metabiota, the reinsurance firm Munich Re, and insurance broker Mars...
http://blog.garven.com/2020/06/16/pandemic-insurance-too-little-too-late/
The Day Coronavirus Nearly Broke the Financial Markets “The March 16 stock crash was part of a broader liquidity crisis that pummeled even seemingly safe bonds, threatening the viability of com...
Well worth reading; from this weekend’s op-ed section of The Wall Street Journal. Ungated PDF version available at http://bit.ly/higheredenemywithin… Opinion | Higher Education’s Enemy With...
http://blog.garven.com/2019/11/10/higher-educations-enemy-within/
I am very proud to be a member of Heterodox Academy. Heterodox Academy is a politically diverse group of more than 2,000 professors and graduate students who have come together to improve the qua...
http://blog.garven.com/2018/06/24/a-movement-rises-to-take-back-higher-education/
Quoting from this article, “From the era of railroads and the telegraph to that the internet and smartphones, the price charged by the finance industry to turn a dollar of savings into a dollar...
I highly recommend this Freakonomics podcast (and transcript) about passive versus actively managed investment strategies. It provides historical context for the development of some of the most i...
http://blog.garven.com/2017/07/28/the-stupidest-thing-you-can-do-with-your-money/
From page 1 of today’s Wall Street Journal – how automation is increasingly (and in many cases, adversely) affecting the livelihoods of financial advisors. Talk Is Cheap: Automation Takes Aim...
Wonderful explanation of the logical fallacy associated with dismissing theories based upon modeling assumptions that are not literally true… HT to Scott Cunningham. Derek Zoolander, spherical ...
http://blog.garven.com/2017/07/22/derek-zoolander-spherical-cows-the-guardian-and-econophysics/