Piketty’s “Capital,” in a Lot Less than 696 Pages
It was only published in English a few weeks ago, but French economist Thomas Piketty’s Capital in the Twenty-First Century has already become inescapable. Over the past few weeks it has become one of those things that everybody’s talking about just because everybody’s talking about it. That, and it really is important. Still, chances are you won’t get to the end of the book, so … [ Read more ]
Content: Article | Author: Justin Fox | Source: Harvard Business Review | Subject: Economics
The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street
The financial crisis of 2008 and subsequent Great Recession demolished many cherished beliefs—most significantly, the theory that financial markets always get things right. Justin Fox’s The Myth of the Rational Market explains where that idea came from, and where it went wrong. As much an intellectual whodunit as a cultural history of the perils and possibilities of risk, it also brings to life the people … [ Read more ]
Content: Book | Author: Justin Fox | Subjects: Economics, History
Are Stocks Still Good for the Long Run?
Stocks, we have been told again and again through the years, are the best long-term investment. Prices go up and they go down, but give stocks enough time and they deliver returns that trounce those of bonds, real estate, commodities or any other asset class.
Ha! you say. Have you checked your 401(k) balance lately? So can stocks possibly still be the best long-run investment? Somewhat … [ Read more ]
Content: Article | Author: Justin Fox | Source: TIME | Subject: Finance