The obstacles to scientific progress or: The Dead Parrot Sketch

Another reason why interest rates have to stay low for a decade

The Virtuous Investor: Rule 2

Machine learning is getting better, but has much to learn

The plot thickens…

An explosive business idea: bomb-backed securities

The Virtuous Investor: Rule 1

Are these two stocks good value or value traps?

The Virtuous Investor

The big risk of big data

Bringing a knife to a gunfight

I kissed a croc and I liked it

Weather forecast: Stormy with a chance of elections

Echoes of the Gilded Age. Part 2: Politics

Echoes of the Gilded Age. Part 1: Economics and investments

The future of robo-advisors, part 2

This does not matter

Conservative intellectuals are catching up to Trump

Loss aversion and insurance claims

A flashback to the days when I studied for the CFA exams


Thoughts on financial markets by a grumpy, middle-aged German. What more do you want?