In Defense Of Value At Risk And Other Risk Management Methods
In the beginning of the month, New York Times Magazine published an article by Joe Nocera called “Risk Mismanagement” that created quite a stir in the blogosphere and beyond. Despite the watering-down of certain aspects related to risk management tools, as well as the diversity [...]

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Hao Jin submits:
Warren Buffett said that the US economic situation is not as bad as World War II or the Great Depression, but it’s still pretty severe. Common sense is that the current credit crisis must be solved before the stock market can be turned around. However, nobody knows how long it will take. That’s [...]

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James Quinn submits:

“All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes, and the most grossly obvious facts can be ignored when they are unwelcome. Political language… is designed to make lies sound truthful and murder respectable, and to [...]

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Jason Kelly submits:
Need a break from the breathless media coverage of Tuesday’s big event? Here’s a level check from Sunday’s Kelly Letter end note:
Let’s hope Team Obama does as good a job as Team Reagan did back in the early 1980s.

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Michael Stokes submits:

This is a follow up to my post The Moving Average Spectrum. Like the first, this one is a bit on the complicated side, but I think important to understanding how to trade these unruly markets.

My last post demonstrated the idea that:
Short-term (let’s say, 1 day to 1 week) and intermediate (1 week [...]

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