Showing posts with label financial markets. Show all posts
Showing posts with label financial markets. Show all posts
Saturday, May 11, 2024

Jim Simons (1938-2024)

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  Jim Simons, the great investor and philanthropist of math and computer science, died yesterday. Here's the announcement from the Simo...
Monday, September 11, 2023

Talent wars in private equity: continued unraveling

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  The WSJ has the latest: Hectic Private-Equity Recruitment Process Leaves Firms Looking for Alternatives . July talent-grab leaves some fir...
Monday, June 26, 2023

Harry Markowitz (1927-2023)

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 Harry Markowitz, who invented modern portfolio theory, and did much beside, has died. Here's his NYT obituary, which was apparently pre...
Saturday, February 4, 2023

Unraveling of the private equity labor market, continued (and continuing)

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 Here's some news and history on the Private Equity On-Cycle Recruiting Timeline by Matt Ting (Peak Frameworks) "The sheer absurdit...
Monday, December 19, 2022

Leveling the stock market playing field: SEC proposals

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  The WSJ has the story:  SEC Proposes Rules That Would Squeeze Stock-Market Middlemen. Agency is formally considering biggest overhaul of ...
Tuesday, August 2, 2022

American Finance Association guidelines to prevent unravelling of the job market

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 Zoom is changing interview practices, and there's concern that academic markets for new Ph.D grads could unravel. The AFA is on the cas...
Sunday, July 18, 2021

Experiments touching on market design in the July AER

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 The July AER has a number of experiments that speak to market design:  Online, How to Avoid Black Markets for Appointments with Online Book...
Saturday, July 3, 2021

The art of money laundering through the art market

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  What looks like privacy to some looks like secrecy to others. The NY Times has the story: As Money Launderers Buy Dalís, U.S. Looks at Lif...
Wednesday, June 30, 2021

Evolutionary Models of Financial Markets in the PNAS

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 Here's the relevant part (with links) of the PNAS Table of Contents for June 29, 2021; Vol. 118, No. 26  Evolutionary Models of Financi...
Sunday, March 14, 2021

The market for chicken parts

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  Can the wholesale food market come to resemble the modern retail financial market?  The WSJ has the story. Trading Chicken Feet Is Going D...
Friday, March 5, 2021

The costs of applying for financial aid for college

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 The Chronicle of Higher Education has a surprisingly moving long story about the fact that applying for financial aid is not only time cons...
Sunday, February 7, 2021

Financing drug discovery

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 Bloomberg has a nice story about financial innovation in funding drug discovery startups: Out of Grief, MIT’s Andrew Lo Invented a Better W...
Wednesday, July 8, 2020

Will curtailing early hiring/unraveling help diversity?

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If you run a company that hires very early, you likely hire from familiar places.  If talented recruits from more diverse backgrounds are h...
Saturday, June 20, 2020

Supermarkets

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There's a nice article about supermarkets in the Atlantic, and how they are organized and supplied,  motivated by nostalgia for one NYC...
Wednesday, March 25, 2020

Litigation financing revisited

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It looks like litigation financing--i.e. the financing of legal suits for a share of the proceeds--is here to stay, and the New York City B...
Saturday, February 8, 2020

Market designs to reduce the costs of high frequency trading, by Baldauf and Mollner

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A forthcoming paper by Markus Baldauf and Joshua Mollner considers two designs to reduce the costs of (and incentives for) very high freque...
Friday, February 7, 2020

What is the cost of high frequency trading? by Aquilina, Budish, and O'Neill

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A recent WSJ article highlights a paper by Aquilina, Budish, and O'Neill: Ultrafast Trading Costs Stock Investors Nearly $5 Billion a...
Thursday, January 9, 2020

Reforming stock exchange governance, from the SEC

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It's good to know that sometimes the SEC reads papers by market designers (in this case Budish et al.): Statement on Reforming Stock ...
Monday, December 9, 2019

Unraveling has made investment banks the farm teams of private equity...

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...at least that's the argument made in this article (full of nitty gritty detail) at Vanity Fair: “IT’S, LIKE, LAWLESS”: HOW PRIVATE...