“A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” So wrote Princeton economist Burton Malkiel, famously, in A Random Walk Down Wall Street (1973). The other week ...
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Earlier this week the Financial Times tallied up how much Wall Street banks and their foreign rivals have have paid in fines since the financial crisis. The total is about $100 billion. In this chart the FT lists the top four banks in terms of fines paid: $100 billion is a lot of money. ...
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When tracking the weather or basketball statistics the end of the calendar year has little effect. January 1st is just another day. Not so when it comes to stocks. According to the phenomenon known as the January Effect, investors—particularly the large institutional investors that dominate ...
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