Readers & Thinkers: The 2014 Nobel Prize in Economics. Market Behavior and Remedies

Dear All: Well, who won? The Nobel prize for economic sciences for 2014 was announced today, October 13, 2014. It went to Jean Tirole. Tirole is 61 years old, born in France and Scientific Director at the Institut d’Economie Industrielle in Toulouse, France.   Much of his key work was done while a professor at the Massachusetts Institute of Technology.  He obtained his engineering degree from...
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Readers & Thinkers: The 2014 Nobel Prize in Economics. Prediction

Dear All: The 2014 Nobel prize for economic sciences will be announced on Monday, October 13, 2014. Last Year’s Winner Last year, the prize was given to Eugene Fama, Lars Hansen, and Robert Shiller for their empirical analysis of asset prices. Who will win in 2014? The pool of obvious candidates has considerably thinned and thus it’s becoming increasingly more difficult to pick the winners in...
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The Alibaba Trade

A company known as Alibaba will IPO in the USA this Friday.  Trading Alibaba will be risky for a variety of reasons.  My guess is that even at a high valuation, there might be mania and the price will go up.  However, rather than guessing there might be a more “arbitrage-like” trade.  This is a copy of a letter I wrote to several friends of mine on May 9, 2014.   Some of it may apply today as...
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Insights on Venture Capital. Guest: Mr. Tom Perkins

April 28, 2014. Mr. Tom Perkins, Co-Founder of Kleiner-Perkins and father of modern venture capital.  Mr. Perkins discusses his career and gives lessons to students about starting companies, venture capital, and business.  Q&A Begins at: 00’52’20”.  
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The Redistribution Recession. Guest: Dr. Casey Mulligan

February 28, 2014. Dr. Casey Mulligan, Professor of Economics at the University of Chicago.  Dr. Mulligan discusses a neglected aspect of unemployment in the United States. He provides evidence that some of the unemployment might be due to government policies rather than due to other causes.  Q&A Begins at: 00’46’20”.  
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