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Recent and Notable

• Yale's Robert Shiller dusts off Keynes' eloquent explanation of how stock markets work - especially in volatile times.

• In a recent op-ed piece in WSJ, Prof Burton Malkiel of Princeton University makes yet another case for "buy and hold" and "diversification".

• In response to the above, a few spirited readers of WSJ provide an equally strong rebuttal to Prof Malkiel's arguments.

• Martin Wolf of Financial Times writes insightfully why all sovereign debt is not bad....and why media hysteria around rising US debt may not be warranted.

• New York Times article on how Wall Street computers are reading words to detect any changes in "market sentiments" and trade on it.

• Emanuel Derman and Paul Wilmott's "Financial Modelers' Manifesto". Well-thought out and apropos to the times.

Timeless and Quotable