NoNameProf

The recent tumoil in stock market certainly does not reflect what efficient market thesis. It is hard to argue why pretty much all stockes should dropped when the mortgage/building industry is not doing so well. There is certainly an artifical answer to it. Many big players (e.g., institutional investors) have positions they need to cover […]

[Read more →]

A friend of mine told me that his 2 million dollar residence in NJ has appreciated a paultry 3% over the last 7 years, it was certainly well below the average of the stock market investment. I understand historically real estate return is quite low, despite the recent run up in hot markets like CA, […]

[Read more →]