Money and Financial Lifestyle

We’re getting close to the point where I cover the credit crisis in class, and it’s also almost time for March Madness (even if my UCONN Huskies have soiled the matress to the ext thqt they’ll get an early vacation)). So this comes at an ideal time - the Market Meltdown Game. Here’s the article from the American Economic Association Last August, the University of Chicago Magazine asked Allen Sanderson to create an NCAA-like tournament with four regions, brackets and seeded teams

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Market Meltdown Game

The following piece was originally published in John Mauldin’s Outside the Box E-Letter, Volume 6, Issue 3, December 14th, 2009. John’s email address is: JohnMauldin@InvestorsInsight.com. You can decide for yourself if you are a Ricardian (biased toward emerging markets), a Schumpeterian (biased toward growth, technology and health care stocks) or a Malthusian (biased toward commodities).

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Ricardo, Schumpeter or Malthus? by Charles Gave

Paul Samuelson (the first American Nobel Laureate in Economics, and arguably the most influential economist of the 20th century) died today at home at age 94. He was largely responsible for the transformation of economics from a largely descriptive and discursive discipline to a highly mathematical and rigorous one. He was responsible for turning MIT into a world-class economics center - over the years, he played a role in bringing in Solow, Engle, Klein, Krugman, Modigliani, Merton, and Stiglitz.

Here is the original: 
R.I.P. Paul Samuelson

For a number of reasons, I haven’t been blogging much: First off, I’m still in post-semester recovery mode. This happens every Spring - after the semester is over, I need a week or two to decompress, clean out the detritus of the year from my office, and kick back a bit before refocusing on my summer research goals. This time around, between the timing of exams and faculty meetings, it was worse than usual.

More here:
Interestign Times In The Unknown Household

Here’s a short “Crash Course” interview with Nobel Laureate Myron Scholes, conducted by Deborah Solomon.

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Q&A With Myron Scholes

We’re off to a neighboring state to visit my mother for Mother’s day. It’ll be the first time my side of the family gets to see the Unknown Baby Boy in person. As for the rest of my life, I have a final exam to write for Tuesday, followed by an executive education class on Wednesday, a Faculty retreat on Thursday, and a trip to Six Flags in Lake George over the weekend (Unknown Older Son is a big Loony Tunes fan, and we wanted to go there before his stem cell transplant in early June).

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Happy Mother’s Day

I thought I’d put a few impressions of the EFA conference from this past week. While pretty short, it was a very good time: catching up with old friends, making some new ones, getting a lot of work done, and SLEEEEEP! Because of all the other stuff going on in the Unknown Household, I was only able to get away for a day, so I took an early Friday flight to Baltimore, followed by the train to Washington. I arrived at the conference hotel just before lunch

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A Good Conference, Followed By More Crazy

One of the hot stories this last week was that the Obama Administration had supposedly pressured and/or threatened hedge fund managers who held Chrysler debt.

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Hedge Fund Manager Clifford Asness Pushes Back At Obama

I recently started reading Goldstein, Martin, and Cialdini’s “Yes!: 50 Scientifically Proven Ways to Be Persuasive.” It could easily be described as “Freakonomics for Social Psychology”. It’s a fun, easy, and very informative read, with each chapter only about 1500-2000 words long, and highlighting one persuasion technique. So, you can knock out a chapter in 10 minutes or so

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Using "Yes! 50 Scientifically Proven Ways to Be Persuasive" In The Classroom

Once again, it’s that happy time - the end of the semester at Unknown University. I teach my last classes tomorrow - in one, I hand back some assignments and talk about the final (that means today is all about the grading, and in the other (the student managed fund), I hand out stock assignments for which they must come up with final analyses. As always, the last week was crazy - the student-managed fund class makes a presentation to the Alumni at the end of every semester, and it’s always a mad rush to get it done.

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We Are In Final Approach