I mention this in my book, but next time someone tells you the market is efficient tell them to pull up a quote for the CUBA closed-end fund that is up 35% today (and already trading at a 30% premium as of the market close Friday).
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"Is US Small Cap a Viable Alternative to US Private Equity?" (HT: LW)
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A cool TED speech on electric cars. Looks like the first Aptera should ship this year. (HT: SD)
In a related note, an interesting rebuttal from the Tesla founder Musk to some recent criticism. . .
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A couple nice book reviews and mentions:
Why mean ignorant monkeys beat median jumping clowns in the investment circus
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Ha, I interviewed once at GETCO, and after being interviewed by at least 15 people and having been there for about 6 hours the last two finished the interview with the question, "What are our names?". No idea.
