Money and Financial Lifestyle

Sometimes I think I’m in a Godfather movie (i.e. “Just when I think I’m out, they pull me back in”). Actually, it’s my own fault.

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Grading - The GIft That Keeps On GIving

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

The semester is now officially over at Unknown University. I gave my last final Tuesday afternoon (the last slot in finals week). Unfortunately, grades had to be turned in by 4 today (only 48 hours later)

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Stick A Fork In Me!

For students in my Financial Management class (FINM2401) - Alan Kohler has written an editorial on the current short sale restrictions here in Australia ( The Blind Leading the Naked , on Business Spectator ). In a nutshell: Short selling is an important part of price discovery in markets, but the securities lending business in Australia should be more transparent

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More on Short Selling

The ongoing saga of BrisConnections is coming to a head. There’s a good background piece in the Sydney Morning Herald ( here ). BrisConnections is a highly leveraged business, established to build a toll road out to Brisbane Airport

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How NOT to make an IPO

I was catching up on podcasts this morning and my mp3 player served up this gem from NPR’s Business Story of the Day podcast : Despite Losses, Star Investor Trusts In Stocks David Swensen, manager of Yale University’s endowment, says that individuals should be investing in index funds: … because most so-called actively managed mutual funds — the ones that pay managers to pick stocks — charge such high fees that the fees more than eat up the added returns they’re able to achieve, he says.

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Index Funds 1, Active Managers 0

One of the topics in my personal finance course (FINM1401) is Managing Credit. Yesterday I finally got around to listening to the recent EconTalk podcast about credit and bankruptcy

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Managing Credit

Currently there’s a big debate on whether financial advisors should be compensated using a fee-for-service model or a commission model. The Sydney Morning Herald chimes in with an article by Simon Hoyle

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The cost of financial advice

Peter Wallison has an opinion piece about valuing bank assets in the Wall Street Journal. A quick summary: Both taxpayers and banks could come out well — and so would our economy — if the government were to buy the assets at their “net realizable value,” which is based on an assessment of their current cash flows, discounted by their expected credit losses over time.

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Asset Pricing 101

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