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How Two Hidden Forces Significantly Contributed To Shaping The ‘Winner-Take-All’ Economy Blog Posts

How Two Hidden Forces Significantly Contributed To Shaping The ‘Winner-Take-All’ Economy

There has been a lot written recently about the forces that have led us to…

Jesse FelderFebruary 20, 2019

Perhaps Jay Powell Just Got A Bad Case Of Deja Vu Blog Posts

Perhaps Jay Powell Just Got A Bad Case Of Deja Vu

Jesse Livermore said, "History repeats itself all the time in Wall Street." Well, it certainly…

Jesse FelderFebruary 13, 2019

If This Isn’t Stock Manipulation, I Don’t Know What Is Blog Posts

If This Isn’t Stock Manipulation, I Don’t Know What Is

There is a growing chorus surrounding the topic of stock buybacks and whether they should…

Jesse FelderFebruary 7, 2019

Why Blaming ‘Algos’ For The Decline Is Really Just An ‘Inverted Stock Tip’ Blog Posts

Why Blaming ‘Algos’ For The Decline Is Really Just An ‘Inverted Stock Tip’

Last month, when stocks were tanking, there was a lot of talk about "algos" and…

Jesse FelderJanuary 23, 2019

The Worst Possible Environment For Stock Market Investors Blog Posts

The Worst Possible Environment For Stock Market Investors

"For the investor, a too-high purchase price for the stock of an excellent company can…

Jesse FelderJanuary 16, 2019

‘You Have To Know The Past To Understand The Present’ Blog Posts

‘You Have To Know The Past To Understand The Present’

TFR's Greatest Hits 2018 "May you live in interesting times," the Chinese curse normally taken…

Jesse FelderDecember 26, 2018

Did The Fed Just Make Another Mistake? Blog Posts

Did The Fed Just Make Another Mistake?

This is really a trick question. It's not hard to argue that another interest rate…

Jesse FelderDecember 20, 2018

Why A Defensive Rotation May Not Work So Well This Time Blog Posts

Why A Defensive Rotation May Not Work So Well This Time

With stocks swooning lately and growing evidence that a new bear market could now be…

Jesse FelderDecember 13, 2018

The Fed Warns The ‘Drop In Asset Prices Might Be Particularly Large’ Blog Posts

The Fed Warns The ‘Drop In Asset Prices Might Be Particularly Large’

The stock market today is celebrating the rapid reversal in the Fed's hawkish attitude under…

Jesse FelderNovember 28, 2018

To Succeed In The Markets You Must Become A ‘Second Level Thinker’ Blog Posts

To Succeed In The Markets You Must Become A ‘Second Level Thinker’

"To achieve superior investment results, you have to hold non-consensus views regarding value, and they…

Jesse FelderNovember 21, 2018