Wednesday, July 27, 2016


GMO's Mean-Reversion Strategy Is Tested in Today's Market [H/T Abnormal Returns] (LINK)

The Brooklyn Investor blog: Record Valuation Spreads! (LINK)

Steve Keen talks with Merryn Somerset Webb (video) (LINK)
Related 1992 article mentioned by Keen: Maastricht and All That - by Wynne Godley
Investing quote of the day: "George Soros has a philosophy that I have also adopted: The way to build long-term returns is through preservation of capital and home runs....I've learned many things from [Soros], but perhaps the most significant is that it's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong. The few times that Soros has ever criticized me was when I was really right on a market and didn't maximize the opportunity." -Stanley Druckenmiller (via the book The New Market Wizards)