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
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
Little 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…Details
Just in time for Christmas
Having listened to a lot of the drivel that is being sprouted as expert commentary over the past few days I thought this rather neatly summed up the standard of comments.