Happy Birthday Darwin! Or, did T-Rex have a penis?
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Evolutionary bio part 2. The Merry Band of Wrigglers.
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This business would go under the first weekend in the US.
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A mildly unsafe for work interview (remembrance) with Helmut Newton.
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Swensen on keeping it simple. Long time readers know that I am a big fan of his work, but take issue with his position on market timing. An investor following the simple timing model I published last year would be sitting through this market dump quite happily. Especially today – commodities to the moon! (I still wonder why he doesn’t recommend commodities for the individual investor…)
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The Global Investment Returns Yearbook, and Ignore Momentum at Your Peril. . .
“For example, using data on the UK’s 100 largest stocks since 1900, the team created two portfolios, one based on the 20 best-performing equities in the previous 12 months and the other the 20 worst performers. These portfolios were then re-calculated every month. The portfolio of winners produced compound annual returns of 15.2 per cent, turning £1 into more than £4.2m (€5.6m, $8.2m) by the end of 2007. In contrast, the portfolio of laggards returned just 4.5 per cent a year, turning £1 into £111.”
