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Russia in Ukraine: Let Loose the Dogs of War!

Musings on Markets

The overriding message in all of this data is that Russia/Ukraine war has unleashed fears in the bond market, and once unleashed that fear has pushed up worries about default and default risk premia across the board.

Start-ups 100
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Data Update 6 for 2023: A Wake up call for the Indebted?

Musings on Markets

In this section, I will lay out a mechanism for evaluating the effects of borrowing on the cost of funding a business, i.e., the cost of capital, and talk about why firms may under or overshoot this optimal.

Equity 52
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Buy the Dip: The Draw and Dangers of Contrarian Investing!

Musings on Markets

With individual stocks, that danger gets multiplied, with investors buying stocks that are being sold off to for legitimate reasons (a broken business model, dysfunctional management, financial distress) and waiting for a market correction that never comes. Contrarian Investing: The Psychological Tests!

Start-ups 132