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Proposals Concerning the Current Financial Crisis
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"Congress should instruct Fannie Mae that the safety of the financial system must take priority over the objective of providing low-income housing."
Financial Analysts Journal, January/February 2009, Vol. 65, No. 1 , Harry M. Markowitz
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Models
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"This article analyzes the methodology of modeling in the physical sciences and in finance."
Financial Analysts Journal, January/February 2009, Vol. 65, No. 1: 28-33 , Emanuel Derman
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'Atlas Shrugged': From Fiction to Fact in 52 Years
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"If only "Atlas" were required reading for every member of Congress and political appointee in the Obama administration. I'm confident that we'd get out of the current financial mess a lot faster."
Wall Street Journal, 09.01.2009 , Stephen Moore
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Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking?
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Data learned from personal experience has a greater influence on personal decisions than knowledge obtained from books or study, consistent with the notion of Depression Babies. The literature also suggests that, when learning from personal experience, recent events tend to get disproportionate weight. Low-probability events are under-weighted until they occur, and over-weighted once they occur
Working Paper, August 2007 , Ulrike Malmendier, Stefan Nagel
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Teenagers: A Natural History
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"The adolescent brain, he says, differs from that of the adult in almost every conceivable way. And he goes further: his main contention is that the state of adolescence has been the key event in the success of mankind as a species."
FT Book Review by Alan Cane, January 31 2009 , David Bainbridge
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The credit crunch according to Soros
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Soros sees the current crisis as a real-life illustration of reflexivity. Markets did not reflect an objective “truth”. Rather, the beliefs of market participants...
FT, January 30 2009 , Chrystia Freeland
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So Bad, It’s Good?
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Plans for a government-run “bad bank” stoked financial shares today, but the targeted assets aren’t nearly as bad as people think.
Fisher Investment Market Minder, 1/29/2009 , Fisher Investments Editorial Staff
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"Detroit Should Get Cracking on its Googlemobile: Carmakers need to let go of their musty business models and start thinking like 21st century companies—like Google"
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A pathbreaking story on the future of the car industry. And why they've failed at re-thinking their business model.
Business Week, 29.01.2009
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The Financial Crisis and Platform Companies
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A new business model has emerged whereby companies increasingly focus on the processes in which they have the most value-added and outsource the rest.
(....)
The evidence suggests that, far from being the beginning of the end for the platform model, it is merely the end of
the beginning.
GaveKal, January 2009
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Where Dragons Lurk
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" playing the reversion to any mean-in valuation, stock-bond relationships etc. -- that covers only the post-1990, or post-'82, period won't be nearly the high-probability bet it used to be"
Barron's December 29, 2008 , Michael Santoli
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