Reshaping risk-taking incentives
byThe evolution of banking as I have described it has satisfied the immediate demands of shareholders and managers, but has short-changed everyone else. There…
Alchemists of Loss
Never Mind Keynes, Wealth Managers Should Read Kipling
byThis article appears courtesy of WealthBriefing, where it was first published. Whenever there is a crisis in financial markets such as that we have…
Cobden Centre Radio: Fixing Britain, with Professor Kevin Dowd
byTonight on Cobden Centre Radio I interview Professor Kevin Dowd, a Senior Fellow with the Cobden Centre, and one of Britain’s best known free…
Further reflections on Alchemists of Loss
byLast week I presented a book review of Alchemists of Loss [1]. Now I seek to explore the errors of Modern Financial Theory in more…
Alchemists of Loss
byHow Modern Finance and Government Intervention Crashed the Finance System by Kevin Dowd and Martin Hutchinson , Published by Wiley 2010. This book is…