Having A Bad Day?
If anyone is having a bad day, remember that today in 1976 Ronald Wayne sold his 10% stake in Apple for $800. It would now be worth $58,065,210,000.
DetailsA Blast From The Past
I was going through my archive looking for a piece for the current mentor program when I came across this little gem from the Eifuku Master Fund. By the way the name is not made up. This fund was run by a former employee of Lehmann Brothers in Tokyo. The letter speaks for itself. Memorandum…
DetailsStill Paying A Lot For Not Much
People invested in hedge funds are still paying a lot for very little in the way of actual return. Hedge funds were up 0.59% in March although they still trailed the S&P 500, which was up 3.13% for the month and 12.00% YTD. The Hennessee Hedge Fund Index is up 4.59% YTD. “Hedge funds posted…
DetailsThis Gives Me The Shits……
I am a fan of internet shopping – I buy everything I can reasonably buy from the google box. Years of putting up with disinterested, surly and friggen ignorant shop assistants have been replaced by a relaxed approach to buying virtually anything I want in peace and quiet However, when buying a digital book of…
DetailsEver So Calm
This is the VIX over the past few years – as you can see the market seems to have calmed right down to historically low levels.
DetailsPoor Returns….Again
There appears to be a growing realisation that fund managers of all ilk are simply not delivering the returns they are being paid for. In fact the evidence seems to indicate that the majority of managers (>95%) are actually a drag on the performance of any given fund. Whilst, we tend to look as this…
DetailsFact Of The Day – Metal Bands Per 100,000 People
This nifty little graphic shows the number of heavy metal bands per 100,000 people. As you can see Sub-Saharan Africa is a cultural desert for heavy metal (pardon the pun) Whereas, Scandinavia particularly Finland is bonkers for metal.
