dirty float 
Financial Dictionary

Dirty Float

Dirty float is a floating exchange rate regime that include ad hoc government intervention to influence a currency’s directions. A dirty float is a floating exchange rate where a country’s central bank occasionally intervenes to change the direction or the pace of change of a country’s currency value. Please follow and like us:0


Emerging Markets

The very inefficiency of the trading markets in many emerging markets (lack of liquidity, large bid – ask spreads, high transaction costs) makes a high – turnover, active management investment strategy inadvisable. Indexing has even worked well in markets such as China, where there have apparently been many past instances of market manipulation. Please follow and […]

General Information

Don’t Time The Market

“The stock market is a giant distraction to the business of investing.” Whether the market is efficient or inefficient doesn’t matter as long as you get costs out of the way, invest for the long term, and pay no attention to the foolishness that goes on in the short term in the stock market. In […]


Wolfgang Amadeus Mozart

There are lots of smart people. But there are few that can think about things that have never been thought about before. “It reminds me of the young guy who went up to Mozart and said, ‘I’d like to write symphonies.’ When Mozart said, ‘You’re too young,’ the young man replied, ‘But you were young […]

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