Active investors take up some — but not all — of the slack created by index funds
Even before Dodd-Frank rules, the costs were significant
Patent histories show entrepreneurs focused on exit strategy
Some investment vehicles are more reliant than others on the health of trading firms
Small firms in Peru shop nationwide for cheap credit, but loyalty runs two ways
As a group, Chinese futures traders more likely to suffer margin call than to profit
They don’t trade at an absolute equal to intrinsic value, despite their image as the world’s investment bedrock
A short squeeze can ripple across short sellers’ positions
Analysis uses business credit card loans to gauge market perception
Active traders lose their edge as a marital breakup approaches
Housing guaranteed, rent payments went toward food
Investors initially underreact to volatility, then overreact
Including intangible assets in book value vastly improves the strategy’s returns
Some lenders’ balance sheets are less affected by a rising federal funds rate
With a business model built on fewer employees, their dominance saps dynamism.
Though defaults are low, rates on credit card loan-backed notes are high