Facts About Market Liquidity

By
Charlie Clarke

"On the London Stock Exchange, 50 percent of listed stocks account for only 1.5 percent of trading volume, and over 1000 listed stocks average less than one trade a day.  On the New York Stock Exchange, it is common for individual stocks not to trade for days or even weeks at a time, while one stock in London never traded in an eleven year period."

Easley, Kiefer, O'Hara, and Paperman (1996)

Asset Pricing Theory Explained

by Charlie Clarke

Here is a funny video that makes fun of what I do all day, Empirical Asset Pricing, or maybe it makes fun of theoretical asset pricing and I'm in on the joke.  I haven't decided.  It doesn't point to the number of open questions in Asset Pricing that make it an exciting field to work in.

Paul Kroohgman

by Charlie Clarke

Paul Krugman is pronounced like Crewg - man or Kroog-man with the "oo" of moo, not like rhyming with hug, Kruhgg-man.

Get the word out. The mispronunciation seems as prevalent among his friends as his foes.