Getty Images Shares of cannabis companies tumbled Wednesday, as investor disappointment that a Democratic sweep failed to materialize offset a boost from referendum wins in a number states. The ETFMG Alternative Harvest exchange-traded fund MJ, -2.91% dropped 2.6% in morning trading, while the Cannabis ETF THCX, -2.41% slid 3.3%. Among …
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Roman Pilipey/Shutterstock HONG KONG ( Project Syndicate) – In 1960, the Nobel laureate economist Ronald H. Coase introduced the “problem of social cost”: human activities often have negative externalities, so individual rights cannot be absolute. Institutions must intervene. There is no better example of this dynamic than the COVID-19 crisis. While virtually …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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