StreetEYE Blog

Druce Vertes, CFA


Tontines: strange name, great idea

A huge problem in retirement planning is a safe spending rate, so you don’t outlive your money. One side of the problem is, how much can you spend and not risk running out of funds in say, a 25-year retirement? See, for instance, our Cat Food Calculator mad science experiment. One can even calculate a spending solution which […]

God help us

A quickie, light rant on politics <cough> for a Labor Day weekend. As a jumping-off point, supposedly the majority of Republicans think Obama is a Muslim. That’s probably bullshit. As the Brits say, they are taking the piss. They don’t like Obama and pick the most other and derogatory (in their mind) response. If you […]

Smart Beta: Maybe Smart, But Definitely Not Beta

A donut with no hole, is a danish. – Ty Webb Live your life as though your every act were to become a universal law. – I. Kant So-called “smart beta” is having a day in the sun. Pioneered by the very smart Rob Arnott, the basic idea is: don’t invest in an index weighted […]

The Mathematics of Bluffing

A quick post about poker! That seemingly simple, deceptively complex game with a number of interesting parallels to investing. I just watched the MIT lectures on ‘Poker Theory and Analytics,’ an ‘Independent Activities Period’ mini-course, and for our mutual amusement, I worked through the math on bluffing, which is an interesting problem I had never done the […]

Through the Looking Glass

Curiouser and curiouser! — Alice in Wonderland Well, having written about Greece the last couple of weeks, why stop now? Quickie post to get my thoughts in order. TL; DR – Still seems possibly under-appreciated chance of bailout deal falling apart before it really starts, and likelihood of Grexit medium term. Let’s review where the […]

The Garbage Fire That is Greece

So, last week I said, Greece was getting booted out of the eurozone. Schäuble had refused to play ball with Tsipras, he would either accept complete capitulation or Grexit. Tsipras couldn’t accept complete capitulation and betray his allies and his mandate. And he didn’t have a mandate for Grexit. So he called the referendum. As […]

4 blinding glimpses of the obvious on Greece

More than any time in history mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray that we have the wisdom to choose correctly. — Woody Allen In times like these, your humble blogger finds it his duty to state the obvious: 1) Greece is […]

Why does everyone hate libertarians?

Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. – Thomas Jefferson A hero is someone who understands the responsibility that comes with his freedom. – Bob Dylan Tim Worstall asks, “So why is it that everyone hates libertarians?” The gist seems to be […]

Don’t feed the trolls

There will always be those who mean to do us harm. To stop them, we risk awakening the same evil within ourselves. — James T. Kirk Pamela Geller is a troll. Hatemonger. Lunatic. Check out some of her quotes. Two violent extremists attacked her ‘Draw Mohammed’ contest and were killed. Some are casting her as […]

A rant on food stamps as ‘subsidies’ to Walmart, and the $15 minimum wage

There are a thousand hacking at the branches of evil to one that is striking at the root, and it may be that he who bestows the largest amount of time and money on the needy is doing the most by his mode of life to produce that misery which he strives in vain to […]

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