What A Pack Of Dicks

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…

Details

Jeremy Grantham

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…

Details

The Perils Of Paulson

Yesterday 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…

Details

Complete Futility

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…

Details