Solving the Compliance Problem with ESG Disclosure Standards
Investors interested in ESG face a major obstacle: lack of disclosure. The Transparency Label Initiative solves the problem of how to get... Read More
Joseph Stiglitz and the Information Matrix
In an excellent column, Nobel prize winning economist Joseph Stiglitz took on Neoliberalism and the Economics profession that still supports it. He... Read More
Fix for Rating Firms Shows Dodd-Frank Designed to Fail
The primary purpose of the Dodd-Frank Act was to prevent real reform of the financial system. It was very successful at that.... Read More
You can have Democracy or Financial Opacity, but you cannot have both
Since the Great Financial Crisis began on August 9, 2007, global policymakers have demonstrated you can have Democracy or Financial Opacity, but... Read More
Green Bonds and How the Transparency Label Initiative Works
I am frequently asked how do you determine if a specific investment discloses the information an investor needs in order to know... Read More
Woodford Funds and the Certificate of Dumb Investment
Funds of the type run by Neil Woodford are the classic example of why investors should be required to sign a Certificate... Read More
UK Regulator Wants Fund Managers to Warn Investors
The UK’s Financial Conduct Authority is issuing rules to require fund managers to warn investors if the fund invests in hard-to-sell assets.... Read More
Investment Returns, Timing and Opacity
The Transparency Label Initiative has the potential to significantly improve investors’ returns. Why? Timing. There is a big difference between blindly betting... Read More
ESG and the Transparency Label Initiative
As Environmental, Social and Corporate Governance (ESG) based investing continues to grow in importance, it faces a problem. The problem is how... Read More
Do Investors Know They Have Blindly Bet $3+ Trillion?
///
Have asset managers told investors (the people and firms who actually put up the money) they have blindly bet the investors’ money... Read More
“Liquidity Dies in Darkness”
Zero Hedge carried a very interesting post on the increasingly opaque debt markets. Its conclusion: Yet while passive investing dominates on the... Read More
Has Economics Added Any Value?
Since 2008, I have cheekily asked “have all the engineers and other graduates of MIT generated enough economic value to offset the... Read More
The End of the Myth of Economists as Technocratic Experts
It has taken 40 years, but we have finally arrived at the end of the myth of Economists as technocratic experts. What... Read More
Central Bankers Shouldn’t Choose Winners or Losers From a Financial Crisis
The fundamental problem with the policy response to the 2007 Financial Crisis and the 2008 Banking Crash was is was lead by... Read More
Damn the Toxic Side Effects, …
///
Anna Schwartz was right*. No matter how toxic the side effects or how ineffective the policies chosen by PhD Economists, they will... Read More