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The French shareholder revolution

I recently stumbled on a new and innovative capital structure that, as far as I can tell, only exists in France. Since 2011, French beauty g...

Arnold Kling is appalled by Lynn Stout, who accuses Wall Street of providing too much liquidity: Wall Street is providing far more liquidi...

One more post on equity deposits. My last post described a dirt cheap (and hypothetical) way for long-term investors to get exposure to equ...

John Bogle, father of passive investing With fees as low as 0.10%, passively managed ETFs are one of the cheapest ways to get exposure to eq...

Measuring liquidity is a pain in the ass. The value of a good, say an apple, is easy to calculate; just look at the market price for apples....