No. of Recommendations: 7
'Economics' is called The Dismal Science. Who knows what they call 'Finance'. Maybe, The Pretend Science, because it certainly isn't a real science, not with its easily disproven, Gaussian assumption that "returns distribute normally". But the point of this post isn't to argue theory, but to have a bit of the fun that Manlobbi promised would be part of this forum.
So here's a couple of light-hearted songs whose underlying messages are --nonetheless-- as serious as a heart attack, because the issues raised are still bring kicked down the road, rather than being dealt with by the proverbial --but absent-- "adults in the room".
The first is a pitch for the role of cash in times of crisis.
YouTube: VideoThe second is a bit of financial history.
YouTube: We Didn't Start The Crisis - Parody - NYU Stern Follies 2009 (Sana)The third is as good an explanation as any of QE.
YouTube: Clarke and Dawe - Quantitative Easing (ClarkeAndDawe)If you poke around on the web, you'll find dozens more such songs, a couple of which are directly relevant to bond investing --especially the topic of managing risk-- that I'll take up in later posts. But here's a spoiler alert: Kenny Roger's, "The Gambler". One could do worse than take its lessons to heart.
