Here’s the problem with starting an exercise regimen: You typically pay big up front for the gym membership or equipment, then try to motivate yourself to use it enough to make that payment worthwhile. But recouping a sunk cost isn’t much of a motivator, so you end up both out […]
Outlook
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In 1936, economist John Maynard Keynes likened investor behavior in the stock market to a beauty contest gone awry: It is not a case of choosing those [faces] that, to the best of one’s judgment, are really the prettiest, nor even those that average opinion genuinely thinks the prettiest. We […]
A new paper from the American Finance Association finds (from the abstract): An increase in SVI [Google search frequency] predicts higher stock prices in the next two weeks and an eventual price reversal within the year. It also contributes to the large first-day return and long-run underperformance of IPO stocks. […]
A common rule of thumb is that it’s better to rent a home when the cost of buying is at least 20 times higher, and it’s smarter to buy when that ratio falls to 15 or lower. Real estate search company Trulia drew upon its wealth of data to produce […]
MIT student John Kestner developed three prototype wallets that automatically connect to your bank account and physically change in response to your balance. One “un-abstracts” your digital spending based on vibration, one via resistance, and one by size. Kestner says a commercial version is in early development.
Google’s self-driving car is a way off, so imagine we start simpler. You’re stuck in traffic on the way to work, as you are every morning. Glance around and even those responsible rides with multiple passengers have one frustrated driver just like you – tapping the gas, hitting the brake, […]
Comscore numbers for December 2010 in the online finance vertical: Beet TV’s Andy Plesser published this chart comparing Bloomberg, AOL Money, MSN Money and CNN Money since last summer: And here’s an interview Plesser recently conducted with Bloomberg’s head of global Web properties, Kevin Krim, on the company’s ambitions for […]
The Wall Street Journal reports (emphasis added): Over the two years ending September 2010, Americans withdrew a net $311 billion — or about 1.4% of their disposable income — from their savings and investment accounts, according to the Federal Reserve. That’s a sharp divergence from the previous 57 years, during […]
Here’s a great new Whiteboard from Marketplace’s Paddy Hirsch, illustrating the danger of a double dip recession and where we now stand in the process: Double-dip recession from Marketplace on Vimeo.
Goldman Sachs’ partners are its highest executives and its biggest stars. An examination of filings by The New York Times’ Dealbook and Footnoted reveals the power and wealth of this secretive group.
Improv comedian Craig Rowin gets the million dollars he asked for – Mediaite Woody Allen: Money can buy happiness – as if – New Yorker 6 money management lessons from a 107 year old man – BankRate LivingSocial’s Amazon deal: 1.3 million takers and counting; its biggest deals before this […]