Monday, February 28, 2011

Buffett and Black-Scholes

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As always, I am playing with fire when I critique Warren Buffett, but he does indulge in hyperbole (I hope that is all it is..) when he stra...
25 comments:
Friday, February 25, 2011

Equity Risk Premiums: The 2011 Edition

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As many of you who have been readers of my posts know, I have a bit of fixation on the equity risk premium and have had several posts on the...
9 comments:
Sunday, February 20, 2011

Merck and Pfizer: Thoughts on investing as a patriotic duty and market efficiency

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We have an interesting long-term experiment in the making in the pharmaceutical business, as two of the largest players - Pfizer and Merck a...
8 comments:
Friday, February 18, 2011

Dividend Policy for the 21st century

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This is the fourth of a series of posts that I have on dividend policy, starting with the one noting the shift from dividends to stock buyba...
12 comments:
Sunday, February 6, 2011

The unemployment rate: A look at the sampling question.

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The unemployment numbers for the United States came out yesterday and they seemed internally inconsistent. Payrolls increased by only 36,000...
10 comments:
Tuesday, February 1, 2011

The Shift to Buybacks: Implications for investors

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A couple of posts ago, I noted the shift from dividends to stock buybacks at US corporations, a shift that is already starting to have rippl...
12 comments:
Friday, January 28, 2011

Tax policy

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As some of you may be aware, I report average effective tax rates for US companies, by sector, at the start of every year. Yesterday, that d...
32 comments: