Yellen’s Moves Are Policy, Not Politics
SMITH BRAIN TRUST — In Monday’s presidential debate, Republican nominee Donald Trump accused Federal Reserve chair Janet Yellen of “doing political things” by keeping interest rates low. In addition to referring to the U.S.
How Wells Fargo Betrayed Its Customers
SMITH BRAIN TRUST — Finance professor Clifford Rossi at the University of Maryland’s Robert H.
Smith Welcomes New Faculty Members
The University of Maryland’s Robert H. Smith School of Business is happy to welcome six new full-time faculty members for the 2016-2017 academic year. New faculty joined the Smith School in August in following areas: Decision, Operations and Information Technologies Wei Chen, Visiting Lecturer, Vrije Universiteit Amsterdam (PhD) Courtney Paulson, Assistant Professor, University of Southern California (PhD)
Buffett’s Wealth and the Role of Luck
SMITH BRAIN TRUST — Berkshire Hathaway chairman and CEO Warren Buffett’s 86th birthday on Tuesday prompted a CNBC writer to explore Buffett’s interpretation of luck as a success factor in business. Buffett discussed the topic in a 2013 meeting with MBAs, including a group led by professor
New ‘Flash Boys’ Exchange Is No Disruptor
SMITH BRAIN TRUST — The 2014 book “Flash Boys” resonated with investors fed up with a market “rigged” in favor of high-frequency traders who use sophisticated software and algorithms to trade in and out of stocks in milliseconds. Now, the book has a companion exchange, the Investor’s Exchange (IEX) Group. It went live on Aug.
Audio: Assessing the Latest Drug Pricing Scandal
SMITH BRAIN TRUST — Executives at pharmaceutical company Mylan have come under attack for giving themselves raises while boosting the price of a lifesaving injection device by more than 400 percent over the past nine years.
Buffett Reaffirms Apple as Value Buy
SMITH BRAIN TRUST — As investing icons Carl Icahn, George Soros and Leon Cooperman have exited Apple and its lagging stock, Warren Buffett has reasserted a value-investor approach by upping his stake in the tech giant. SEC filings on Monday revealed Warren Buffett’s Berkshire Hathaway as of June 30 increased its Apple stake by 55 percent, or about $500 million.
Why Bank Reform Is Just Election Posturing
SMITH BRAIN TRUST — Democrats and Republicans are calling to reinstate a version of the Glass-Steagall Act, which from 1933 to 1999 separated investment banking (underwriting, issuing and distributing financial inst
Why Banks Remain Too Big to Fail
SMITH BRAIN TRUST — Told big bank failure would trigger a flood of bankruptcies and economic calamity, U.S. taxpayers collectively paid billions of dollars to bail out large institutions from the 2008 financial crisis.
Brexit Countdown: Faculty Perspectives
SMITH BRAIN TRUST — “Divorces are tough,” says economist Peter Morici at the University of Maryland’s Robert H.