Bank nationalization
By John Schroy, on April 20th, 2009 |

There have been suggestions that the Obama Administration should nationalize the ‘big bad banks’. Is this a good idea?
This article discusses possible consequences of nationalization of Citicorp by the US government.
These consequences may include lost of deposits, loss of customers, greater inefficiency, political favoritism in lending, the decline of Wall Street, and an impact on the US dollar as most favored international reserve currency.
Post Modern Security Analysis
By John Schroy, on April 20th, 2009 |

Fundamental investment analysis provides competitive advantage to those investors who understand that the Efficient Market Hypothesis, the basis for Modern Portfolio Theory, has now been shown to be false.
Moreover, the methods of Graham & Dodd, dating from the 1930s, are inadequate to meet the challenge of millions of terabytes of unfiltered facts, freely available on the Internet.
This article discusses the application of OSINT techniques, developed by national intelligence services, to the needs of investment analysis.
The Post Stock Buyback Era
By John Schroy, on April 19th, 2009 |

The Crash of 2008 signaled a turning point in capital markets. The stock buyback era seemed to have ended. The Efficient Market Hypothesis was discredited. The inability of market experts and major institutions to place a fair value on thousands of securities indicated basic problems in security analysis and the handling of freely available information.
This article describes new challenges facing fundamental security analysts in the early 21st century, and the consequent opportunities.
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