This just in from the W$J: Mohamed El-Erian, head of the company that manages Harvard University’s $35 billion endowment, is resigning from that position to return to Pacific Investment Management Co. Mr. El-Erian will start at Pimco in January as the Newport Beach, Ca.-based firm’s first co-Chief Investment Officer and Co-Chief Executive Officer. The move [...]
Merrill Lynch’s Richard Bernstein is one of the few investment strategists on Wall Street whose writings are worth paying close attention to. Back in January, for example, he wrote this about how financial markets would eventually be shaken from their complacency: We view financial risk much like popcorn popping in a microwave. Until the first [...]
Felix Salmon really hates entertainer/economist/half-informed-pontificator Ben Stein’s column in the Sunday New York Times business section (actually, I suspect that there’s a love/hate thing going on there, but whatever). This Sunday, Stein wrote: Owning your own home is generally considered the bedrock of the American dream, so this is a good thing, both socially and [...]
