Archive for the ‘Rights’ Category

PREVAILING RISK ATTITUDES

Thursday, May 14th, 2009

An efficient mental risk-return calculus is a critical component for business success under uncertainty. . . . the overall risk perception held by the public is often worse than reality. Risk management can assist you in making more profits in areas where over-conservative investors stay out. The upside is that, if ...

INSTINCT VERSUS ABILITY

Monday, May 4th, 2009

The finance industry’s basic instinct focuses on hiring the best performing stars, and that may include closing eyes to certain work or character defects. One error is that the “star” bank trader or fund manager is really a shooting-star, one that burns up and disappears from sight. Empirical results show ...

The Move Towards Paper-based (Fiat) Money

Friday, May 1st, 2009

What do gunpowder and pasta have in common? According to the Chinese both of these were invented in China long before they appeared in the West. It is generally accepted that the earliest use of paper money was in China more than 1000 years ago towards the end of the ...

PUBLIC STANDARDIZED TRANSACTIONS

Tuesday, April 28th, 2009

A private transaction is not generally reported in the news or to any price-reporting service. Forward contracts are private contracts. Just as in most legal contracts, the parties do not publicly report that they have engaged in a contract. In contrast, a futures transaction is reported to the futures exchange, ...