“I’d like you to underperform your benchmark by a consistent 200 basis points for the next six months.” Imagine making this statement at your next fund manager meeting. It’s likely that those sitting across the table would look at you quizzically and ask you to repeat the instruction. You’d say again—stressing this time—that you’d like your…
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You can guess what happened cant you….. The key players: Ed Crooks, energy editor of Financial Times, @Ed_Crooks Chris Nelder, energy futurist and author of “Profit from the Peak,” @chrisnelder Steve Levine, Washington correspondent of Quartz and author of “The Powerhouse,” @stevelevine Russell Gold, Wall Street Journal senior energy reporter and…
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Why is everyone surprised? When even Cargill Inc., the world’s largest grain trader, decides to liquidate its own hedge fund, that’s a sign that commodity speculators are in trouble. Hedge funds focused on raw materials lost money on average in the first half, the Newedge Commodity Trading Index shows. Diminishing investor demand spurred Cargill’s Black…
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A recent email exchange with someone who manages money professionally has lead to me to repost this piece I wrote some time ago. During the exchange I couldn’t convince them that not losing money was more important than trying to make it. It has always intrigued me how hard it is to get this point across to…
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Apparently, the long winded title above is from a study that says that when text and walk you have a tendency to bang into thing – no shit Sherlock. It should also mention that you give the rest of us the shits when you bang into us.
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Investors trading stocks with assistance of financial advisers are more diversified and overcome some common pitfalls, a new working paper from European researchers found. But they are worse off overall than investors who trade independently, because their stock purchases underperform, the study says. The findings suggest advisers “do not help investors make superior stock purchases,”…
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The next time you sit down to read the business section of the paper or watch one of the business shows consider this – “The more people believed they knew about finances in general, the more likely they were to overclaim knowledge of the fictitious financial terms. The same pattern emerged for other domains, including…
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I mentioned the other day that I was surprised that the Europeans were surprised that the Greeks had gone to the wall. This timeline explains why I was surprised. As you can see this is a long standing problem.
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A question was raised in the comments section about the level of gold reserves held by Greece – a bit of google-fu shows something very interesting. The Greeks are better off than we are and we produce most of the damned stuff. Source – Wikipedia
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