Tag: arbitrage

What happens when nonpublic information is shared?

December 20, 2010
Answer: it becomes regular useless information, arbitraged away by the market. (Unless you don’t believe in the efficient market hypothesis, in which case you’re reading the wrong blog! The only way to live in between those two things is to...
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Replace missed donations with pledges

November 21, 2010
This WSJ article describes the potential fallout to nonprofit organizations from projected changes in tax rates. If personal income tax rates are going to increase, then, as the article states, it make sense to defer donations until the years when...
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