Monthly Archives: July, 2010

Reasons not to Invest in Stock, Part 3

Written by Ocean on July 13, 2010 — Leave a Comment

In case our first and second parts of this series did not convince you, here is an article from Forbes Magazine, highlighting the mistakes most investors (yes, that means you and I) make when investing. The points it makes echo many concepts that come from Behavioral Economics: Overconfidence. The overconfidence bias states that most people [...]

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An Alternative to Rating Agencies

Written by Ocean on July 8, 2010 — 2 Comments

The Credit Rating Agency (CRA) system in the United States is broken. The main three agencies are Standard & Poors, Moody’s and Fitch. These are all for-profit agencies that are paid to rate the credit-worthiness of bonds, countries and derivatives. Of course, they are paid by the issuers of the products they are rating. The [...]

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Calling all writers!

Written by Ocean on July 6, 2010 — Leave a Comment

Are you an avid writer? Do you enjoy Economics? Do you have interesting ideas and points of view to share? If so, DumbAgent is now accepting guest article submissions to be featured on our website. If it is of interest to you, it probably interests others as well. We are looking for articles that develop [...]

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Why I Don’t Buy Stocks Anymore

Written by Ocean on July 1, 2010 — 3 Comments

Apart from the reason listed here, put simply: Sum Zero. According to Divya Narenda, its founder, Sum Zero is a “Wikipedia-like” investment idea database structured within a social network dedicated to the buyside. In other words, if you are an analyst, portfolio manager or researcher you can access their system and discuss stocks with other [...]

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