The Singularity is Near! ! !

But, in the meantime, he's busy running a quant hedge fund.FatKat - Financial Accerlerating Transactions from Kurzweil Adaptive TechnologiesFortune article here.

Creative Capitalism

I just finished reading "Founders at Work", a highly recommended book comprised of interviews with many successful entrepreneurs who founded companies such as Paypal, Hotmail, etc. It is written in a similar style as Market Wizards, and the book is easy to pick up and flip through the short chapters instead of having to read it cover to...

To Infinity and Beyond!

I have mentioned the magazine cover indicator before on this blog, and there is a new academic paper out in the current FAJ on the subject - "Are Cover Stories Effective Contrarian Indicators?".The Economist had a good review of the article titled, "Covered in Shame".Abstract: Headlines from featured stories in Business Week, Fortune, and Forbes...

Hedgies Piggybacking

One of my favorite topics on World Beta is mining the SEC filings for hedge fund ideas. Judging by how many people have bookmarked the portfolios on Stockpickr, they are the most popular topic on the blog as well. The 13Fs come out in a week or so, and we will be updating the Hedge Consensus, Activist...

Want to Invest in DE Shaw?

Most of the top hedge funds in the world are closed to new investors. Or, if they are open to investors the minimums are so high only the top echelon of the rich and institutions can access them.However, what if I told you that you could invest in similar funds with no minimum, daily liquidity, AND you could do...

Emanuel Derman’s Blog

Just came across his blog - it's a good read. He is a much more sophisticated and academic (I consider myself a quant lite), but does a good job of distilling complex ideas into simple explanations. He is also the author of "My Life as a Quant".

Hedge Funds

Readers of this blog will have already seen the material, but I have an article this month in the British publication, The Technical Analyst.Link to the article - "Comparing Returns: Market Timing vs. Hedge Fund Indices".I'm on the East Coast (DC, NC, SC) for a week of work and fun.PS Here is a good list of investment blog sites...

Unusual Arbs

"Money won is twice as sweet as money earned" - Fast Eddie Felson, The Color of MoneyMy first exposure to arbitrage was while attending school at Virginia. We were bottom of the barrel in basketball all 4 of my years there. At most ACC schools, alumni live and die by their hoops team. My family had season...

The Volatility Effect & Following Your System

As always, CXO does an exemplary job summarizing a new paper out titled, "The Volatility Effect: Lower Risk without Lower Return". Bottom line (from CXO): In summary, investors overpay for volatile stocks over the long haul, most dramatically during bear markets.In an unrelated note, Hulbert pens a great column on market newsletter "Douglas Fabian's Successful Investing". ...

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 28% net of fees since inception in 1999. I recently read Mohnish Pabrai's book titled "Mosaic: Perspectives on Investing", which is mainly a collection of articles that had been published in the past five...