The Courage to Act

When you want to know what to do in a banking crisis and want to learn it from the very best, the first place to start would be at the feet of Ben Bernanke. His book, the Courage to Act: A Memoir of a Crisis and Its Aftermath, is a detailed first hand account on the developments in the financial crisis taking you to the heart of the crisis and giving you a behind-the-scenes view of many of the decisions that had to be made in those very difficult circumstances. For the uninitiated,

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Of Smart Investors with Investment Biases

A major economic assumption in most theories in finance is that individuals are rational. Yet, reality seems to suggest that people are normal not rational meaning they do not always pick the best choices available to them. Last week, at the CFA Society Sweden annual forecast dinner, BlackRock Vice President Benjamin Kelly, PhD, reminded us of

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