George Athanassakos is a professor of finance and the Ben Graham chair in value investing at Western University’s school of business. These views are those of the author and not necessarily those of the Canadian Investment Review.
What’s the value of Bitcoin? Or better, what makes it valuable? Is it because many people think it’s valuable? Is it valuable because it’s cool and we expect other people, especially those in the online community, to believe it’s valuable? Does the dynamics of investor demand matter as much as fundamentals? In a recent paper, […]
It’s a chaotic time for institutional investors. Between rising inflation and interest rates, war in Europe and an ongoing global pandemic, stock market volatility is on the rise. For those concerned about the long-term implications of these developments, here are my answers to a couple of common questions. Stock markets have risen in past interest […]
With gas and oil prices reaching new heights last week, panicking both politicians and consumers, we must ask ourselves if this behaviour is typical of commodity prices in every business cycle or if we’re at the threshold of a major economic disaster? In the 1930s, Nicholas Kaldor analyzed commodity prices and their behaviour over the […]
I have been watching Bitcoin’s price advance with trepidation. In just six months its value has quintupled and it has risen more than tenfold since last December. It started 2017 at just below $1,000 and by the end of November it hit $11,000, proceeding to surpass $16,000 a few days later. This, to me, is reminiscent of […]