This is from the Spanish – you will notice that the peanuts have also banned short selling of their index. It is good to see that cretinism is a universal human trait as is a complete lack of understanding as to how markets and economies work. Due to extreme market volatility, the Spanish regulator CNMV…
DetailsI have really never before seen such a neat encapsulation of what not too do as in the case of Dighton Capital. If you want a ready made check list of all the things not to do then here it is….. There have been quite a few winners and losers in the immediate aftermath of…
DetailsContinuing on our interview themed weekend this piece on the ever fascinating Ed Thorp is worth a read.
Jeremy Grantham the head of GMO is known for his quarterly essays to investors. Unlike other fund managers who letters to investors dont contain the usual postdictive crap and what has just happened but rather look at the big picture of what is happening in the world. Sitting in a Panera in Boston’s financial district…
DetailsYesterday I posted a piece that looked at the performance of various fund managers in the current market. One of those profiled was Jeremy Paulson. This piece looks at some of the difficulties faced by such a large fund manager whose outlier performance numbers might be fleeting. The hedge fund manager became an overnight sensation…
DetailsLittle piece from WSJ on who is winning and who isnt among hedge funds. Interesting to see that John Paulson who was a big winner with his bet against housing is not doing so well.
As a history buff I am somewhat of a Max Hastings fan – his writing on history is both sweeping and insightful. Having read this piece I am struggling to find reasons to disagree with him and I am struggling to find reasons why this phenomena is not universal. If you live a normal life…
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