, Columnist
Agency Costs and Hedge-Fund Size
Also bitcoin futures, mining-company diversification and a resort in the Enchanted Forest.
Financialization.
If you just knock around in the world for a bit, you will read stuff about finance that comes at it from let us say a popular point of view. Without trying to define it too strictly, this point of view is suspicious of financial engineering and derivatives and stock buybacks. It worries that executive pay is too high and too complicated. It worries that companies borrow too much. It wants things to be simple and normal and calm, and is repulsed by complexity and risk.