More Money Than God

Just working my way through this book by Sebastian Mallabywho does a good job of not only taking you through the complexities of the world of hedge funds but also introducing some seriously odd but talented people. For example I had no idea that Alfred Winslow the founder of the first ever true hedge fund…

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Gold

Here is one of those charts courtesy of JP Morgan that look interesting but which I never really understand the value of. Whilst history is interesting I am uncertain as to the relevance to traders of inflation adjusted charts since I dont know anyone who is interested in holding gold for 40 years. Unless you…

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Physicists

As tenure disappeared and research jobs became harder financial markets became a a fertile job market for newly minted Ph.D physicists who equipped with very powerful mathematical toolboxes set about conquering the market. This piece by SCiAM is more a fluff piece rather than anything concrete but it does give these blokes some good PR.…

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Stock Analysts

Apparently when they get it wrong stock analysts stamp their feet and threaten to hold their breath until they turn blue STANFORD GRADUATE SCHOOL OF BUSINESS — Like oracles in the stock market, securities analysts come up with earnings estimates that are supposed to signal the worth of a company’s stock. But what happens when…

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