Daily Archives: July 30, 2013

The problem of underfunded pensions will continue to be a battle ground between bondholders and pension beneficiaries for the next decade. Too little has been contributed and too many benefits have been promised to be paid. But if bondholders are … Continue reading →

Terry Burnham wrote the excellent book, “Mean Markets and Lizard Brains” in 2008 where he pointed out the behavioral biases that make most people perfectly inclined for repeated financial demise when investing. In this clip he advances a bold call … Continue reading →