The optimal Pareto
The optimal Pareto is a financial blog written by Chief Economist & Strategist Finn Øystein Bergh. He combines academic insight with an often unconventional look at the securities market, providing new and useful insights.
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Old-time highs
Gold keeps hitting new all-time highs, according to news reports. It’s a shining example of money illusion.
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Face value
The stock market has more return factors than momentum, value, and size. Beauty, for instance.
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Large-denomination ballots
Political elections and the stock market have a lot to do with each other. For instance, you can construct an opinion poll beta.
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It’s the carry, stupid
Norwegian interest rates are not really that high. Not if we make the comparison that Norges Bank needs to make.
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The soft landing conundrum
Puzzled that economic growth holds up so well despite the massive interest hikes? We may all be wrong about interest rates.
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Counting all-time highs
Outdated stock market indices underestimate the frequency of all-time highs – and of course the long-term returns.
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… a hundredfold now in this time …
After little more than 40 years of modern stock indices, the Norwegian stock market has increased investors’ wealth by a factor of more than 100 – and passed what was once considered a fantasy level.
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Small stocks, small returns
In textbooks, small stocks deliver higher returns. The problem is reality.
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Geographically challenged
Geographical exposure is easily misunderstood. Like the idea that domicile matters.
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Getting paid for having lunch
The evidence before us now is incontrovertible: In the Norwegian stock market, you’ve been lavishly rewarded for avoiding risk.