Black Monday 1987
Just over twenty-five years ago, stock markets crashed on what has since become known as Black Monday, October 19, 1987. At the time, I ran an investment boutique in London that offered a single type of product – small cap equity funds for institutional investors. Obviously, our clients were somewhat concerned by the losses that […]
Low beta anomaly – some early evidence
Some of my readers have expressed the view that I am occasionally unnecessarily harsh in my posts. However, it is very unlikely that this post will elicit such a response since it is taking a rather critical look at the entrails of my own dissertation. While that was obviously a very long time ago, what […]
Is Switzerland still a “special case”?
By Rolf on 12 March 2012
Apologies to my non-German speaking readers. The document to which this post refers is in German but its main points are summarized in the post. This first “oldie” post is about a speech that I gave over twenty years ago (in 1989) in Basel to an audience of about 100 Swiss bankers. At the time, […]
Posted in Comments/ramblings, Oldies | Tagged Offshore private banking, Switzerland