A Few Site Updates
1. Since I assume most of you are not on Twitter, I've added a Twitter box on the right side of the page that...
Who Isn’t Getting Coal in Their Stockings?
QVT Financial, Carl Icahn, Rentech, Scout, and Ruane, Cunniff, and Goldfarb are all up over 15% YTD (top 10 holdings, long only via AlphaClone).
Active Management
I think this is a really big deal. The average active mutual fund has a 0.3% to 2.0% per year tax disadvantage to an...
Gotta Hand it to Them
Morningstar does produce some beautiful publications:
Deja Vu All Over Again
The Real World is Not Normal
You Are Not Anonymous
My blog is too boring/academic to get many hecklers (though I still get a few). And almost always, the hecklers are anonymous (or at...
Taxes and Inequality
Here is a PPT on inequality from Prof. Hendricks, as well as a table of tax rates from "How Tax Efficient are Equity Styles?"...
Real Returns (or, I Remember When a Coke Cost 25 Cents)
The post below is very important, and is something most investors never really grasp. I used to consider writing a book on this topic,...
Fireside Chat with Hendry and Drobny
I had a good breakfast with my buddy Steve Drobny the other day here at the beach. Steve runs Drobny Global and is a...
Knowledge Tracking
Fun video. (HT: AF & Sea)
[vimeo 29001512 w=400 h=225]Roger Craig - Knowledge Tracking from Steven Dean on Vimeo.
httpv://youtu.be/YRwK8SyVeJE
