Not So Good News For Exxon
Mohnish Pabrai is a hedge fund manager in the style of Warrenn Buffett, and his hedge fund has reported annualized returns of over...
Too Many Factors! Do We Need Them All?
As usual, CXO does a great job distilling a long academic paper into the key points. This paper is worth a read and...
Out of Sample Results and Price Shocks
Backtested results may not reveal the effects of unanticipated shocks to the system.Most managed futures trendfollowing systems have seen historical declines that exceed their...
Reader Questions
World Beta listens to reader questions and pens the responses over the Easter holiday.It is gratifying to see that my paper on tactical asset...
Phoenix Rising
If you could come up with a short list of former Internet high fliers, CMGI would certainly be near the top of the list....
SHAZAM! (Also Books I Am Reading)
"A savvy collector who purchased a first edition of a Fantastic Four comic book for 10 cents and kept it in pristine condition over...
Industry Mean Reversion
Is it time to buy an asset class or industry when everyone else is puking it up?Following up on our posts on mean reversion...
KKR Buying First Data for $29B
KKR is buying First Data Corp for $34 per share, or a 26% premium to the closing price on Friday. Monday's deal was...
Spending It, Getting Creative, and Payout Yields
Just when everyone is smiling in private equityland, is the party almost over?Kolberg Kravis Roberts Private Equity Investors $5B fund has invested/committed 90% of...
