The Origin Of Wealth
One for the reading list. Martin Wolf’s book of 2006: The Origin of Wealth: Evolution, Complexity and the Radical Remaking of Economics (Reviewed on London Book Review.com).
The fundamental flaw in value investing
Some of us have made good money in the markets over the last seven years - looking where others weren’t and buying shares that others wouldn’t. These are the value shares, so called because their prices are low relative to some measure of a company’s worth: its profits, its assets, its sales, or its dividend, […]
Man versus economic model
Economist Simon Ward was the only forecaster of 50 polled by Reuters who correctly predicted yesterday’s Bank of England interest rate rise. According to FT.com’s Alphaville he pre-empted his own economic model, which forecast a rise in February - a view shared by 40% of the economists. He said:
I had to apply a bit of […]
