Investment Office: Deconstructing Financial Markets

Stock market history can help frame your expectations.

Editorial Staff

Fisher Investments MarketMinder, March 31 2020

Stephen Springham

Knight Frank, The Doomsday of All Scenarios? COVID-19 Market Update, 30/03/2020

"One of the more surprising and enlightening findings in Robson’s book was the very low correlation between IQ and rationality – a mismatch the clinicians have named dysrationalia."

Tony Coniaris, Portfolio Manager

Harris Associates, September 5, 2019

Determining whether an inverted yield curve signals a US or global recession continues to focus the minds of investors in 2019. Mark Robertson explains why our actions will matter more in determining whether a recession is on the horizon than what can be a misleading indicator.

Mark Robertson

Aviva Investors, 30 September 2019

Financial markets have evolved over time. The relationship between stocks and bonds differed in each of the eras that Global Financial Data has designated in the past: Mercantilism (1602-1800), Free Trade (1800-1914), Regulation (1914-1981) and Globalization (1981-).

Dr. Brian Taylor

Global Financial Data, Aug 14 2019

Yale’s 367-year-old water bond still pays interest

Mike Cummings

Yale News, September 22, 2015

Latest Observations

Mrs. Steffeck, Dr. Hjalmar Schacht's secretary, describing Schacht's work as Germany's newly appointed Currency Commissioner, in November of 1923, at the depth of hyperinflation.

Adam Fergusson

When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany. PublicAffairs, 2010

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Danielle DiMartino Booth

Danielle DiMartino Booth of Quill Intelligence at the 2021 New Orleans Investment Conference, 11 November 2021

Christoph Bertsch, Isaiah Hull, Xin Zhang

Sveriges Riksbank Working Paper Series, No. 401, January 2021

Asset Management