In the article, “Free information and the Efficient Market Hypothesis“, I give an example of how valuable free information relevant to investments is available on the Internet and how this is largely unexploited. This free “open source” information calls for open source intelligence techniques (OSINT) to be useful. See: Open Source Capital Market Intelligence. Free information […]

In some capital markets, such as the United States, there is a vast amount of free factual information about stocks and bonds available on the Internet. According to the Efficient Market Hypothesis, this flood of free information should result in an “efficient market” in which prices reflect the “intrinsic value” of securities. However, the Crash of 2008 […]

In the article, “Is big bank complexity irreversible?”, I suggest that nationalization of certain big banks might be the only course for banks that have become too complex to manage, and that this would not be the end of capitalism. However, nationalization of major US banks, as is now being contemplated by the Obama administration, will […]