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Aaron Brown

Aaron Brown

Independent Journal Review

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The Misuse of Data Behind the 'Greedflation' Narrative

29.10.2024 5

Reason.com

Aaron Brown

The IPO Slump Is Fine Unless You’re Jamie Dimon

Two senior Wall Street executives complained this week that over-regulation is discouraging initial public offerings. JPMorgan Chase & Co. CEO Jamie...

11.10.2024 10

Bloomberg

Aaron Brown

In Markets, Crystal Balls Lose to the Many Quiet Voices

Victor Haghani, James White and Jerry Bell of Elm Partners Management conducted a fascinating experiment to investigate the value of getting...

01.10.2024 9

Bloomberg

Aaron Brown

Fischer Black Would See Bubbles as Traps for Traders

Cliff Asness, co-founder of AQR Capital Management, made the news recently with the provocative claim that financial markets are getting less...

23.09.2024 10

Bloomberg

Aaron Brown

Election Predictions Are Too Noisy to Tell If Trump or Harris Wins

What is the probability that Donald Trump will win the 2024 presidential election? Assuming you’re not a superforecaster with access to inside...

04.09.2024 2

Bloomberg

Aaron Brown

Wager on the NFL or Invest? It’s Not About Morality

Does legalized online sports betting strain family finances? A recent study, “Gambling Away Stability: Sports Betting's Impact on Vulnerable...

20.08.2024 7

Bloomberg

Aaron Brown

An AI Miracle Won’t Save Struggling Pension Funds

A teachers’ pension fund in Ohio is embroiled in a controversy reminiscent of a streaming series, with a reform movement and the state’s attorney...

13.08.2024 20

Bloomberg

Aaron Brown

Pension Funds Are Hooked on Private Equity, No Matter the Risks

Private equity has been in the news frequently in the last few weeks, and not in a good way. The Teachers Retirement System of Texas this month...

31.07.2024 8

Bloomberg

Aaron Brown

Private Equity Is Illiquid by Design. Why Worry About It?

A recent Financial Times opinion piece laid out how illiquidity makes private equity hazardous for investors. The Bank of England’s Nathanaël...

23.07.2024 10

Bloomberg

Aaron Brown

Supreme Court Sensibly Made Markets Regulation Less Political

Last week, the Supreme Court overturned a decades-old legal doctrine that gave federal regulators the power to interpret unclear laws. This touched...

03.07.2024 5

Bloomberg

Aaron Brown

Does Weed Cause Strokes and Heart Attacks?

Junk science Aaron Brown | 6.25.2024 1:20 PM Thirty years ago, the sociologist Craig Reinarman observed that...

25.06.2024 10

Reason.com

Aaron Brown

GPT4 Brings Moneyball Logic to Picking Stocks

University of Chicago researchers Alex Kim, Maximilian Muhn and Valeri V. Nikolaev fed OpenAI’s GPT4 large language model the anonymized financial...

14.06.2024 8

Bloomberg

Aaron Brown

Do You Trust Bill Ackman to Build a $250 Billion Fund Manger?

Celebrity fund manager and activist investor Bill Ackman just sold 10% of his investment management company in a deal that valued Pershing Square at...

04.06.2024 10

Bloomberg

Aaron Brown

Banning This Hedge on Election Risks Is Shortsighted

The Commodity Futures Trading Commission appears to have little respect for the power of markets, going by their proposal to ban futures contracts on...

29.05.2024 10

Bloomberg

Aaron Brown

The Long, Slow Decline in Fund Manager Fees May Be Ending

Active exchange-traded funds have seen record inflows in recent years, taking assets under management to $630 billion. That’s a lot of money but...

16.05.2024 30

Bloomberg

Aaron Brown

Academics Use Imaginary Data in Their Research

Statistics Aaron Brown | 5.7.2024 10:45 AM After surviving a disastrous congressional hearing, Claudine Gay was forced...

07.05.2024 10

Reason.com

Aaron Brown

Bill Gross Is the Bond King, But Diversification Is Emperor

“No other fund manager made more money for people than Bill Gross,” wrote Karen Dolan of Morningstar Inc. when naming the bond king the...

06.05.2024 10

Bloomberg

Aaron Brown

Don’t Exit Stocks as If You’re a Pension Fund

Rising interest rates and the fear of giving back stock market gains are pushing pension fund managers to move capital from stocks to bonds. Goldman...

23.04.2024 30

Bloomberg

Aaron Brown

Crypto Can Turn Pro With a Little Help From Congress

Last July, the House Financial Services Committee approved two major pieces of legislation aimed at creating a regulatory framework for the...

16.04.2024 5

Bloomberg

Aaron Brown

The Bad Science Behind Jonathan Haidt's Call to Regulate Social Media

Social Media Aaron Brown | 4.2.2024 10:45 AM In his 1996 book, The Vision of the Anointed , economist Thomas Sowell...

02.04.2024 10

Reason.com

Aaron Brown

Save Taxes With BOXX? It Is Too Good to Be True

Among the many too-good-to-be-true financial stories is the Alpha Architect 1-3 Month Box ETF, known by its ticker BOXX, that offers Treasury bill...

13.03.2024 4

Bloomberg

Aaron Brown

The Achilles’ Heel of ETFs Promising 100% Income Yields

One of the hottest products for retail investors the last couple of years is the single-stock option-income exchange-traded fund. While the basic...

01.03.2024 10

Bloomberg

Aaron Brown

New SEC Rule Will Impair the World's Most Important Market

Never mind the dense 247 pages. Just the title of Securities and Exchange Commission’s new rule concerning trading of US Treasuries, deemed the...

09.02.2024 9

Bloomberg

Aaron Brown

Sports Bets and Financial Disasters Share Some Traits

What does a November 2023 hockey bet have to do with the 2008 financial crisis and the Chunnel connecting England to France? A lot, and the relation...

29.01.2024 10

Bloomberg

Aaron Brown

Princeton's Matthew Desmond Gets Everything Wrong About Poverty's Root Causes

Poverty Aaron Brown | 1.23.2024 2:45 PM Matthew Desmond is a Princeton University professor and the recipient of a...

23.01.2024 10

Reason.com

Aaron Brown

ChatGPT May Rival Flash Boys in Transforming Markets

Large language models, such as ChatGPT, are threatening to disrupt most areas of life and work. Financial trading is no exception. The potential for...

16.01.2024 10

Bloomberg

Aaron Brown

Suburban Millionaires Beware — Private Equity Needs You

Blackstone Inc.’s private equity fund for wealthy individuals is a harbinger of two trends that many expect will transform investment management in...

10.01.2024 10

Bloomberg

Aaron Brown

The New York Times Misrepresented a Shoddy Study Claiming Private Equity Worsened Hospital Care

Health Care Aaron Brown | 1.5.2024 10:00 AM " Serious Medical Errors Rose After Private Equity Firms Bought...

05.01.2024 10

Reason.com

Aaron Brown

Historians Need a Reality Check on the Great Depression

The philosopher George Santayana famously wrote, “Those who cannot remember the past are condemned to repeat it,” but also, less famously,...

28.12.2023 20

Bloomberg

Aaron Brown

Bitcoin Is Earning Its Place in a Balanced Portfolio

It should be no surprise that Bitcoin sold for over $44,000 this week, more than double its March 13 price. Going back to 2014, it has taken the...

08.12.2023 5

Bloomberg

Aaron Brown

Trading Corporate Bonds Is Still More Art Than Science

Two years ago, the Journal of Finance — the most prestigious journal in the field — retracted a published paper because of data errors, either the...

04.12.2023 20

Bloomberg

Aaron Brown

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