United States Proxy Exchange | Site Wide Activity /activity/feed Site Wide Activity Feed Thu, 07 Apr 2011 12:08:12 +0000 http://buddypress.org/?v=1.2.8 en http://newcapitalist.proxyexchange.org/2011/04/07/insider-trading-a-window-on-todays-capitalism/ <![CDATA[Glyn A. Holton wrote a new blog post: Insider Trading: A Window On Our Economy]]> http://newcapitalist.proxyexchange.org/2011/04/07/insider-trading-a-window-on-todays-capitalism/ Thu, 07 Apr 2011 12:08:12 +0000 Glyn A. Holton wrote a new blog post: Insider Trading: A Window On Our Economy Thumbnail Insider trading is making more headlines than we have seen since Ivan Boesky was fitted with handcuffs back in 1986. This morning's newspapers report the arrests of Matthew Kluger and Garrett Bauer, a lawyer-trader pair who have apparently been at it for seventeen years. A third party in the scheme is cooperating with authorities. Yesterday, [...]

Comments: 0

]]>
/2011/04/upgrade-in-progress/ <![CDATA[Glyn A. Holton wrote a new blog post: Upgrade in Progress!]]> /2011/04/upgrade-in-progress/ Thu, 07 Apr 2011 01:48:26 +0000 Glyn A. Holton wrote a new blog post: Upgrade in Progress! Please excuse our appearance as we implement an upgrade. The familiar old website is still operating and can be accessed at: http://usproxyexchange.wildapricot.org/ Please don't try to use the new site yet. The "back-end" isn't wired, so nothing will work. When the new site does go live, it will have some amazing features. In the mean time, [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/04/05/ceo-pay-at-fannie-mae-and-freddie-mac/ <![CDATA[Glyn A. Holton wrote a new blog post: CEO Pay at Fannie Mae and Freddie Mac]]> http://newcapitalist.proxyexchange.org/2011/04/05/ceo-pay-at-fannie-mae-and-freddie-mac/ Tue, 05 Apr 2011 19:23:46 +0000 Glyn A. Holton wrote a new blog post: CEO Pay at Fannie Mae and Freddie Mac ThumbnailOn Thursday, the inspector general of the Federal Housing Finance Agency (FHFA) released a devastating report on executive compensation at Fannie Mae and Freddie Mac in the wake of the government's $153 billion bailout of those firms. CEOs Michael Williams and Charles Haldeman received a combined $17 million for 2009 and 2010. The firms' top six [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/31/sec-enforcement-will-they-or-wont-they/ <![CDATA[Glyn A. Holton wrote a new blog post: SEC Enforcement: Will They or Won't They?]]> http://newcapitalist.proxyexchange.org/2011/03/31/sec-enforcement-will-they-or-wont-they/ Thu, 31 Mar 2011 20:20:05 +0000 Glyn A. Holton wrote a new blog post: SEC Enforcement: Will They or Won't They? Thumbnail The SEC has a reputation of enforcing regulations against two-bit players in the financial arena while tiptoeing around the big boys. Back in December, Apache Corp. (APA) announced plans to flaunt US securities laws. The Commission's response has been three months of unbroken silence. Apache's CEO, G. Steven Farris, is waging a war against shareowner [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/28/test-your-risk-intuition/ <![CDATA[Glyn A. Holton wrote a new blog post: Test Your Risk Intuition]]> http://newcapitalist.proxyexchange.org/2011/03/28/test-your-risk-intuition/ Mon, 28 Mar 2011 13:39:20 +0000 Glyn A. Holton wrote a new blog post: Test Your Risk Intuition ThumbnailHere is a test that is fun and will challenge your intuition for risk. I am dusting it off in the midst of a major upgrade to my family of websites. Back in 1996, when I first launched the sites, blogs had not been invented. People were unsure exactly what to put on websites, although there [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/24/alpha/ <![CDATA[Glyn A. Holton wrote a new blog post: Alpha]]> http://newcapitalist.proxyexchange.org/2011/03/24/alpha/ Thu, 24 Mar 2011 21:13:12 +0000 Glyn A. Holton wrote a new blog post: Alpha Thumbnail Explained: alpha In the 1999 comic movie  The Spy Who Shagged Me , fictional spy Austin Powers has his "mojo" stolen by a Dr. Evil. With his mojo gone, Powers loses his manliness, decisiveness and vitality. Don't ask what mojo is. The term is as obvious as it is imprecise. In finance, we have a similar term: alpha. Alpha is [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/24/agency-securities/ <![CDATA[Glyn A. Holton wrote a new blog post: Agency Securities]]> http://newcapitalist.proxyexchange.org/2011/03/24/agency-securities/ Thu, 24 Mar 2011 16:30:42 +0000 Glyn A. Holton wrote a new blog post: Agency Securities Explained: agency agency security Federal Financing Bank government sponsored enterprise Historically, debt financing of the US Federal Government has occurred at two levels. Direct spending authorized by Congress was financed by the US Treasury through the issuance of  Treasury securities . Entities formed by Congress might also issue debt. These entities fall into two categories: Federal agencies are a part of the Federal [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/22/triangle-shirtwaist-factory-fire/ <![CDATA[Glyn A. Holton wrote a new blog post: Triangle Shirtwaist Factory Fire]]> http://newcapitalist.proxyexchange.org/2011/03/22/triangle-shirtwaist-factory-fire/ Tue, 22 Mar 2011 20:08:24 +0000 Glyn A. Holton wrote a new blog post: Triangle Shirtwaist Factory Fire Thumbnail March 25, 2011 marks the hundred year anniversary of the Triangle Shirtwaist Factory fire. One hundred forty-six workers perished in a blaze that engulfed the ten story Asch Building in lower Manhattan. Most were young seamstresses who worked six days a week for a pittance. The tragedy unfolded blocks from where, ninety years later, the twin towers [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/19/active-investing-passive-investing/ <![CDATA[Glyn A. Holton wrote a new blog post: Active Investing, Passive Investing]]> http://newcapitalist.proxyexchange.org/2011/03/19/active-investing-passive-investing/ Sat, 19 Mar 2011 18:58:58 +0000 Glyn A. Holton wrote a new blog post: Active Investing, Passive Investing Explained: active bet active investing active portfolio management benchmark buy-and-hold investing index index fund indexing passive investing passive portfolio passive portfolio management turnover Active portfolio management —or active investing —is an approach to  managing a portfolio of financial assets that entails trading those assets for the purpose of  enhancing returns . Trading decisions may be made by an individual, a group of individuals, or some computer algorithm. Generally, the portfolio is managed relative to some  benchmark [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/17/stress-testing-a-reminder-from-fukushima/ <![CDATA[Glyn A. Holton wrote a new blog post: Stress Testing: A Reminder from Fukushima]]> http://newcapitalist.proxyexchange.org/2011/03/17/stress-testing-a-reminder-from-fukushima/ Thu, 17 Mar 2011 20:57:47 +0000 Glyn A. Holton wrote a new blog post: Stress Testing: A Reminder from Fukushima ThumbnailThe eyes of the world are on Fukushima, Japan, where heroic technicians and military personnel struggle to prevent a nuclear armageddon. A massive earthquake spawned a devastating tsunami that knocked out a nuclear power plant's cooling system. And here we are. This reminds us how low-probability high-impact events tend to be correlated. If a country experiences prolonged draught, there [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/11/the-secs-problem-with-the-first-amendment/ <![CDATA[Glyn A. Holton wrote a new blog post: The SEC's Problem With the First Amendment]]> http://newcapitalist.proxyexchange.org/2011/03/11/the-secs-problem-with-the-first-amendment/ Fri, 11 Mar 2011 19:08:05 +0000 Glyn A. Holton wrote a new blog post: The SEC's Problem With the First Amendment Thumbnail The SEC's approach to regulating US securities markets relies on controlling speech: they compel "disclosures", prohibit certain statements, and impose onerous requirements on others. All of this is difficult to reconcile with the First Amendment's guarantee of freedom of speech. Last week, the Supreme Court affirmed that the Westboro Baptist Church, based in Topeka, Kansas, [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/08/upside-risk-downside-risk/ <![CDATA[Glyn A. Holton wrote a new blog post: Upside Risk, Downside Risk]]> http://newcapitalist.proxyexchange.org/2011/03/08/upside-risk-downside-risk/ Tue, 08 Mar 2011 19:36:49 +0000 Glyn A. Holton wrote a new blog post: Upside Risk, Downside Risk Thumbnail Risk has two components: exposure, and uncertainty. If either is absent, there is no risk. But some people insist there must be a third component: downside. Let me explain. If you are uncertain about some consequential event, the set of possible desirable outcomes is sometimes called your "upside risk". The set of possible adverse outcomes is then your "downside [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/03/01/risk-management-war/ <![CDATA[Glyn A. Holton wrote a new blog post: Conflict Over Risk Management: A Case Study]]> http://newcapitalist.proxyexchange.org/2011/03/01/risk-management-war/ Tue, 01 Mar 2011 17:14:00 +0000 Glyn A. Holton wrote a new blog post: Conflict Over Risk Management: A Case Study Thumbnail Conflict is a recurring problem for financial risk management. At your own firm, are risk managers dismissed as "risk police"? Are risk committee meetings contentious? Do traders hoard information? If you answered "yes" to some of these, you may have a serious problem. I just returned from London where I conducted a two-day strategic planning [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/01/18/goldman-sachs-leaves-kitchen/ <![CDATA[Glyn A. Holton wrote a new blog post: Kudos to the SEC]]> http://newcapitalist.proxyexchange.org/2011/01/18/goldman-sachs-leaves-kitchen/ Tue, 18 Jan 2011 19:07:38 +0000 Glyn A. Holton wrote a new blog post: Kudos to the SEC Thumbnail Yesterday, Goldman Sachs blinked, announcing their "private placement" of Facebook stock would be closed to US investors. They claimed this "was not required or requested by any other party", but the transaction was under scrutiny from the SEC. Facebook will still get their financing. There is every reason to believe Goldman can fill their $1.5 [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/01/08/financial-reform-sound-bites-window-dressing/ <![CDATA[Glyn A. Holton wrote a new blog post: Financial Reform: Sound Bites and Window Dressing]]> http://newcapitalist.proxyexchange.org/2011/01/08/financial-reform-sound-bites-window-dressing/ Sat, 08 Jan 2011 23:11:52 +0000 Glyn A. Holton wrote a new blog post: Financial Reform: Sound Bites and Window Dressing Thumbnail On Thursday, Representative Michele Bachmann (Tea Party Republican of Minnesota) introduced a bill to repeal the Dodd-Frank financial reform. With the Senate and Obama standing in the way, it won't go anywhere. But who cares? The 2008 market crisis should have prompted serious reforms. Instead, we got sweeping window dressing. Dodd-Frank left in place the [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2011/01/05/facebook-means-shareowners/ <![CDATA[Glyn A. Holton wrote a new blog post: Facebook and Goldman Sachs: What You Should Know]]> http://newcapitalist.proxyexchange.org/2011/01/05/facebook-means-shareowners/ Wed, 05 Jan 2011 22:22:15 +0000 Glyn A. Holton wrote a new blog post: Facebook and Goldman Sachs: What You Should Know Thumbnail If you are one of the lucky few investors Goldman Sachs is offering pre-IPO shares of Facebook to, buy all you can afford! The deal will be squeaky clean, and you will make gobs of money. Goldman Sachs will do everything possible to ensure you do. How do I know? Let's connect a few dots. [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2010/12/08/janus-before-the-supreme-court/ <![CDATA[Glyn A. Holton wrote a new blog post: Janus Before the Supreme Court]]> http://newcapitalist.proxyexchange.org/2010/12/08/janus-before-the-supreme-court/ Thu, 09 Dec 2010 00:42:36 +0000 Glyn A. Holton wrote a new blog post: Janus Before the Supreme Court Thumbnail If you have not been following Janus Capital Group v. First Derivative Traders , now before the US Supreme Court, you should. No one expected the court to hear the case, but it was an opportunity to further trample investors' rights, and the Roberts court jumped at it. Now the court appears split. Depending on how things go, [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2010/11/04/the-next-economic-crisis-sooner-than-you-think/ <![CDATA[Glyn A. Holton wrote a new blog post: The Next Economic Crisis: Sooner Than You Think.]]> http://newcapitalist.proxyexchange.org/2010/11/04/the-next-economic-crisis-sooner-than-you-think/ Thu, 04 Nov 2010 23:40:04 +0000 Glyn A. Holton wrote a new blog post: The Next Economic Crisis: Sooner Than You Think. Thumbnail For half a century following enactment of Depression-era financial regulations, America didn't experience the periodic economic crises of the nineteenth and early twentieth centuries. Gradually, those financial regulations have been dismantled, so US capital markets are once again largely unregulated. Have I mentioned that the recent Dodd-Frank financial regulatory reform is window dressing? With deregulation [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2010/10/21/inside-job-movie-recommendation/ <![CDATA[Glyn A. Holton wrote a new blog post: Inside Job - Movie Recommendation]]> http://newcapitalist.proxyexchange.org/2010/10/21/inside-job-movie-recommendation/ Fri, 22 Oct 2010 00:35:42 +0000 Glyn A. Holton wrote a new blog post: Inside Job - Movie Recommendation Thumbnail
If you see just one movie this year, make it the documentary  Inside Job . Then tell everyone you know to see it. In just two hours, through interviews with financiers, politicians and academics, it builds a case that greed and deregulation have corrupted not only Wall Street, but Washington and academia as well. If you don't know [...]

Comments: 0

]]>
http://newcapitalist.proxyexchange.org/2010/08/22/not-your-parents-stock-market/ <![CDATA[Glyn A. Holton wrote a new blog post: Not Your Parents' Stock Market]]> http://newcapitalist.proxyexchange.org/2010/08/22/not-your-parents-stock-market/ Sun, 22 Aug 2010 23:30:04 +0000 Glyn A. Holton wrote a new blog post: Not Your Parents' Stock Market Thumbnail After the 2000 tech bubble, followed by the broader market collapse in 2001-2002, it didn't take long for individual Investors to return to the stock market. This time is different. The Investment Company Institute reports that Investors actually withdrew a whopping $33 billion from domestic equity mutual funds in the first seven months of this [...]

Comments: 0

]]>