The author of the Gordon Growth Formula to price stocks died recently

eHatched at MIT in 1959, the Gordon Equation soon grew into an important tool for investors - The Globe and Mail:
The author of the Gordon Growth Formula (P = d(1)/(R-g)) died recently. I did not know him but he sounds like a great guy!

From the Globe and Mail

"Myron Jules Gordon, economist, financial theorist and consumer activist, died on July 5 in Summit, N.J., at the age of 89 after

Adobe to Launch $240 Million Tender Offer for Day Software - WSJ.com

Adobe to Launch $240 Million Tender Offer for Day Software - WSJ.com: "Adobe Systems Inc. said Wednesday it has signed a definitive agreement to launch a public tender offer to acquire all of Day Software Holding AG's shares for about $240 million, a move that highlights the expansion of its portfolio of Web content-management offerings.Adobe will acquire the shares at 139 Swiss francs (

Markets trapped between euphoria and despair | Analysis & Opinion |

Image via WikipediaMarkets trapped between euphoria and despair | Analysis & Opinion |:
"In a famous 1981 paper on “The framing of decisions and the psychology of choice”, Nobel Prize-winner Daniel Kahneman and Amos Tversky, founders of behavioural economics, showed they assign too much weight to high-consequence outcomes that have a low probability of occurring (a flu pandemic or economic

Economic View - The Trilemma of International Finance - NYTimes.com

Good article (especially for an International Finance class or Money and Banking) in todays NY Times by Harvard's N. Gregory MankiwEconomic View - The Trilemma of International Finance - NYTimes.com: "What is the trilemma in international finance? It stems from the fact that, in most nations, economic policy makers would like to achieve these three goals:• Make the country’s economy open to

Dallas Cowboys and Stadium debt: great class example

So you know all the ratios and projections we use in class? Well here they are in practice with the case of the Dallas Cowboys and Cowboys Stadium. A definite example for class!Tax income to pay Cowboys Stadium debt is beating projections | News for Dallas, Texas | Dallas Morning News | Latest News: "Vrooman said Arlington residents should feel 'relatively safe' about the financial health of

SSRN-Coarse Thinking, Implied Volatility, and the Price of Call and Put Options by Hammad Siddiqi

SSRN-Coarse Thinking, Implied Volatility, and the Price of Call and Put Options by Hammad Siddiqi: "We derive a new option pricing formula based on the notion that the market consists of coarse thinkers as well as rational investors. The new formula, called the behavioral option pricing formula is a generalization of the Black-Scholes formula. The new formula not only provides explanations for

The pursuit of happiness

I know an awful lot of miserable rich people. So while money can buy you some aspects of happiness, I would be very interested to see the exact relationship!

Personal Finance: The pursuit of happiness:
"'Yes, money makes you happy -- we see the effect of income on life satisfaction is very strong and virtually ubiquitous and universal around the world,' said Ed Diener, a professor emeritus of

Cash-strapped Barcelona forced to take out £125m loan to pay superstar players | Mail Online

Image via WikipediaLoans and asset sales are standard procedure for an firm in financial difficulty. But for a soccer team? And Barcelona no less.

Cash-strapped Barcelona forced to take out £125m loan to pay superstar players | Mail Online: "
New Barcelona president Sandro Rosell last night revealed the club will need a loan to pay their players at the end of the month."
and from the

Will we get brain scans of fund managers in the future>

A Neuroscientist Uncovers A Dark Secret : NPR:
"... but Fallon says the orbital cortex puts a brake on another part of the brain called the amygdala, which is involved with aggression and appetites. But in some people, there's an imbalance — the orbital cortex isn't doing its job — perhaps because the person had a brain injury or was born that way.

'What's left? What takes over?' he asks. 'The

How a broker spent $520m in a drunken stupor and moved the global oil price - Telegraph

This happened last year but details are just being made known now.

How a broker spent $520m in a drunken stupor and moved the global oil price - Telegraph: "The 34-year old broker at first claimed he had spent the night trading alongside a client. But the story began to fall apart when he refused to put the customer in touch with his desk for official approval of the trades.

By 10am it emerged