Still Sideways

Despite the euphoria of those who are proclaiming the worst is over on the back of a single positive day – this chart is enlightening. Sometimes it is worthwhile removing as much noise from the chart as possible., Until we break this range one way or another I am not convinced about anything……


Least Value

Neat graphic from Bloomberg on the relative value that CEO’s bring to financial organisations. It pretty much tracks a study I read in the 1980’s which stated quite bluntly that the worst performing companies have the highest paid executives.

Hedge Fund Wizards

I mentioned the other day that I had started reading Hedge Fund Wizards and I have to admit it is a little flat. Whislt, I am only part way through I have noticed a few things. Firstly, Schwager seems to have fallen into the hedge fund myth. The forward to the book gives the impression…