What finance can learn from automakers

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

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The social function of equity deposits

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...

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Even cheaper than an ETF

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...

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