Japanese Pension Fund in Vanguard of Rewarding Good Disclosure
Japan’s $1.36 trillion Government Pension Investment Fund (GPIF) is a leader in rewarding companies that provide good disclosure by buying more of... Read More
Deutsche Bank Still Relying on “Trust Us” in Setting up Bad Bank
Ultimately, the opacity of Deutsche Bank and the bad bank it is setting up prevents the market from being able to answer... Read More
“But I trusted Tim [Geithner] …”
In the HBO/Vice documentary Panic, Barack Obama showed just how difficult it is to defend the indefensible. Particularly when he has to defend... Read More
The Myth of Information Overload
Even more than Wall Street, the Priesthood of the Economic PhDs champions greater levels of opacity in the global financial system. Why?... Read More
Morningstar joins rather than disrupts rating firms
Recently, Morningstar announced a large acquisition aimed at making it more competitive with and possibly gain entry into the S&P, Moody’s and... Read More
Opaque Securities and Certificate of Dumb Investment
Bloomberg’s Matt Levine recently wrote about what he calls a Certificate of Dumb Investment that investors should sign before buying certain investments.... Read More