Institutional Investors

Doug Kass: Not Even The Algo Creators Know What Is Going On

"The machines have no fear of flash crashes or any other kind of crash. Such crashes might even serve their purpose of 'making a profit'... Be forewarned as last Friday's Nasdaq schmeissing may be a walk in the park compared to what may happen in the future...This is not my Grandma Koufax's stock market."

Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

Saudi Arabia's reserves inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the first ever Islamic bond sale, fueling speculation it’s triggered by capital flight and the costs of the kingdom’s war in Yemen.

5 Universal Laws Of Human (Investment) Stupidity

In 1976, a professor of economic history at the University of California, Berkeley published an essay outlining the fundamental laws of a force he perceived as humanity’s greatest existential threat: Stupidity.