An analogy is a comparison between two things.  Analogies have (more…)

In Samuel Arbesman’s new book, The Half Life of Facts, he uses examples of (more…)

Recently, both Exxon Mobil and Johnson & Johnson bond yields sank below comparable U.S. treasuries, implying (more…)

With the flight to quality mentioned in my last blog, treasury yields are quite low by historical standards. This has had the opposite effect on the equity risk premium (ERP), however.

The ERP is the return (more…)

The risk-free rate is the starting point or building block to develop (more…)

Bankruptcy court says BPC is ‘Daubert-proof’

The debtor planned to build a southwest Texas urban development in 2006—but by 2010, it (more…)

Harvard sleep expert Dr. Charles Czeisler has spent approximately $3 million over many years showing (repeatedly) that doctors who do not get enough sleep make mistakes on the job.  You might ask, we need a study for this?  (more…)

For those unaware a Daubert Challenge (the major test) is a process to ensure that junk science stays out of the courtroom.  The Butler Pinkerton Calculator (BPC) just passed (more…)

strange things happen…or do they? (more…)

Yes, we should.  One improvement is the replacement of beta with total beta in the CAPM.  (more…)