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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: critical_mass who wrote (35810)	7/12/2005 10:21:46 AM
From: Moominoid	Read Replies (3) \| Respond to of 110194

I learned a lot about finance and business etc. by trying to invest for myself :) I bring that knowledge into the classroom, as my field is environmental/resource economics so wasn't trained at all in finance (definitely not in my undergrad degree in econ - so I have read some finance theory books to catch up), but when I teach intro and managerial economics I can make it more real than I otherwise would have been able to. I've run a small non-profit society for a few years putting on a big international conference (and making money - left the them with 4 times the money they started with), but that's my practical business experience :) My core holdings are actively managed mutual funds (in Australia and here in a retirement account - can choose TIAA-CREF or Fidelity) too. From discussion with my colleagues I feel that the degree of involvement with financial markets varies a lot, for some reason there seems to be a correlation with political opinions.... I'm close to the political center of the department so a bit of an outlier.

To: critical_mass who wrote (35810)	7/12/2005 1:05:49 PM
From: Wyätt Gwyön	Respond to of 110194

it doesn't surprise me that a finance academic relies on diversified mutual funds. after all, it was academics who invented EMH and are its most fervent believers. they even run a famous family of passive funds--the "Cadillac" of passive funds, in fact (retail investors can't buy them directly like Vanguard funds--must go through an RIA). altruistfa.com DFA is owned and operated by academics. Five of the seven members of the DFA funds' Board of Directors are Finance/Economics professors at major universities. Two board members (Myron Scholes and Robert Merton) are winners of the Nobel Memorial Prize in Economics. Nobel prize winner Merton Miller was also a director before his death.