Ok This is not about Friedman’s book…it is just that last week I got confirmation of this! In a complex world with a lot of barriers to information flow, it was possible to make money on information arbitrage. Not sure how many readers will believe that in the 1990s it was easy for foreign banks […]
What should you do in a falling market? So, what’s a stock market investor’s best response to dropping stock prices? First, forget about rationalizing and explaining (or listening to other people explain) why stocks are falling. It’s a pointless exercise at best, and misleading at worst. Second, file the painful experience away as a […]