C-C-C-Changes
I am a registered independent and find the two party system a little depressing. This gets really good after the first minute (nod to reader AF):[youtube https://www.youtube.com/watch?v=gEaS-K3j3M8&rel=1&w=425&h=355]
20 20 Vision
20 20 Vision is truly a great book - although I don't understand why the folks at Mercer couldn't list it on Amazon.com . . .----New private equity research out of Davos.----The Financial Times Global MBA Rankings:1. University of Pennsylvania: Wharton2. London Business School3. Columbia Business School4. Stanford Business School5. Harvard University6. Insead7....
Quantery
The Minsky Meltdown by Grantham - you can download the entire paper on GMO.JG - "I’m afraid cash is the ugly answer that no one ever wants to hear."That sits soundly with the GTAA model current allocation - mostly in cash/bonds.----The Great Deal Spread of 2008, and a cool new site - ArbitrageView----From the dictator that rules my fantasy...
Time To Put Money to Work?
Do these markets have you feeling a little crazy lately?I have received lots of emails and calls recently, and while the questions are varied, they can be summarized as: "What do I do?"My usual response is along the lines of: "Develop a policy that you are comfortable with, and apply it with discipline. Then when you are faced...
Alternatives and Rambo Inflation
Inflation is everywhere - from the Marginal Revolution blog:Number of people killed per minute in the Rambo series.Rambo: First Blood (1982): 0.01Rambo: First Blood Part II (1985): 0.72Rambo III (1988): 1.30Rambo IV (2008): 2.59----In an earlier post, I examined how some of the listed alternatives in the US performed on a few down days in 2007. With the...
More Listed Hedge Fund News
Hedge Fund Alert reports that Albion Asset Management of France is launching a new fund in April with $15 million in assets. The fund plans to take positions in hedge funds and FOFs listed on the exchanges in Europe, where roughly 50 funds are listed with almost $20 billion in assets.
Predictably Irrational
Feeling conflicting emotions this morning? I never get tired of behavioral psychology and evolutionary bio books. Here is a new book out by economist Dan Ariely - Predictably Irrational: The Hidden Forces That Shape Our DecisionsHis new blog is here.In a related theme, can you stickk to your commitments? (Founded by another economist and author of Supercrunchers.)----I...
Congress In Session And The Big Get…Bigger?
Invest when Congress is in session? Don't make me laugh. . .Congress in session (Link to original post here.)Here is a website that lists when Congress is in/out of session.The Congressional effect varies systematically with stock investors' (dis)approval of Congress - returns are lowest and vol highest when Congress is in session with low approval ratings.Here is a...
Mean Reversion – When To Buy Japan?
http://www.ebaumsworld.com/mediaplayer.swfThink a market has corrected long enough? Jumping into the market too early can be hazardous to your health. . .I use both mean reverting and trendfollowing (momentum) techniques. One of the problem with mean reversion is that markets can continue in one direction for a loong time (just ask LTCM). One of the studies I...
