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"Alternative" Links -
These represent an eclectic assortment of topics in
investments, economics, finance and risk management,
but are not necessarily germane to structured finance.
These sites are chiefly pro-bono efforts
that
provide excellent
resources in their respective area/s and are
mentioned because of their high quality, unique focus
and/or non-commercial agenda.
Bank
of Japan (in English)
Bank
for International Settlements (BIS)
Berkshire
Hathaway: Warren Buffett's Letters to Shareholders (1977-
most recent)
Few
beyond BRKA shareholders have read this incredible gold mine
of
expert
information
on how
to
value
corporations (and more). The fact that this gift hides in
plain site disproves the theory of efficient markets.
Bureau
of Economic Analysis (BEA)
Bureau
of Labor Statistics
DefaultRisk
Greg Gupton, Senior
Director of Research at Fitch Ratings, designed and maintains
this
first-rate pro-bono web
site on his own time.
This is the web's most comprehensive
credit
risk modeling
and measurement resource for corporate debt.
Department
of Justice
Federal
Reserve Bank
FT
AlphavilleCurrent
global news affecting hedge funds and the capital markets. "Seeking Alpha" with
an international focus.
GloriaMundi
Barry
Schachter scrupulously vets all content to focus exclusively
on risk management issues.
HedgeWorld
aka LIPPER HedgeWorld (Reuters)
This
is the most comprehensive coverage of news affecting
the hedge fund industry and the international capital
markets. Registration is required for online topical
news. Subscription for
the premium coverage.
Implode-o-Meter
Aaron Krowne, entrepreneur, finance
blog contributor and head of Planet Math, started this
site in late 2006 - a suprisingly good chronicle of recent
events in the troubled US mortgage lending market.
International
Trade Commission
Japanese
Ministry of Finance (in English)
Dr.
Sam Savage
Dr.
Sam Savage, son of the
esteemed statistical theorist Professor Leonard Savage,
is the
most underrated mathematical
mind
for practical problem
solving of our time. He advertises his software as "informational
design," but you can easily adapt it to solve "complex" financial
problems including "fat tails" and other distribution
abnormalities that we have dealt with for decades. Savage's
elegant software makes ingenious use of Microsoft's Excel:
Monte Carlo
on your
desktop. Note that open
systems like the market may require different
models and higher math, but this is a flexible tool, and
a tremendous bargain. Whichever model you use for whatever
application, keep in mind the following. No model can replace
experience,
knowledge,
imagination, and judgment.
That part
is up to you.
Securities
and Exchange Commission - EDGAR Database
Unvetted, often
unintentionally hilarious public filings are posted on the
SEC's site.
[Note: Mystery Writers of America (MWA) gives out an annual
award called an "Edgar" to
top fiction writers, but it has nothing to do with the SEC's EDGAR filings.
MWA vets its submissions.]
Securities
Class Action - Stanford's site
Seeking
Alpha
The
internet site for up-to-the minute
financial news watched by hedge funds and other professional
investors. When you want to monitor mob thinking, this
is the site to visit.
US
Census Bureau
Wikipedia
There is no link, since
this is a public service announcement. If you do a word
search on Google, Wikipedia will usually be the first thing
that
pops up. Yet from behavioral finance to structured finance,
your financial IQ will almost certainly drop for having
read it.
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