This week, I learned about an innovative approach to investing. A new firm called Life + Liberty Indexes has created what it calls the Freedom 100 Index of emerging markets stocks. Unlike other indexes, which typically weight stocks in proportion to their size, the Freedom 100 weights countries by [...]
An obscure story worth understanding
A little while back, The Wall Street Journal ran an article with a puzzling title: “How China Pressured MSCI to Add Its Market to Major Benchmark.” Like a lot of market news, this arcane-sounding story came and went without much notice. But it is worth pausing to understand what it was all about, [...]
Careful
My friend Rostislav, who would know, tells me that in Russian there is no equivalent for the word “privacy.” That's because, in Russian culture, privacy, as we understand it, is a foreign concept. In schools, for example, children's grades are posted publicly, and it is not impolite to ask someone's [...]
