Price Discovery, But Now With Fewer “Patsies” “If you’re playing poker for half an hour, and you don’t know who the patsy at the table is . . . it’s you.” –Warren Buffett As super-cheap exchange traded funds (“ETF’s”) proliferate, Wall Street is fighting back. The latest salvo: a new academic paper suggesting that ETF’s...Read More
Who Needs an Expensive Colorado Consultant?? So, the deep tunnel option for the Southwest Light Rail Corridor is apparently a “no go” (too expensive). What’s next? Everyone (including the Met Council’s high-priced Pueblo, CO consultant) is now going back to the drawing board, (re)examining all options, and reconvening in a month. If that’s the case, here’s seconding my...Read More
