"Fooling Some of The People All of the Time"

Here is a speech given by David Einhorn at the 17th annual Graham and Dodd breakfast (via NakedShorts).Even more interesting, it looks like Einhorn has a book coming out this Spring titled "Fooling Some of The People All of the Time".--Speaking of books, has anyone read the new book on activist investing titled, "Extreme Value Hedging"? From...

Hedge Fund Best Ideas

Price of tracking the top value hedge funds: freeMastercard stock performance: Priceless (well, more like 20%)(GOOG too, > $700)I'll be updating the performance and holdings of the consensus and best ideas portfolios in the next two weeks.--It's nice that you can clone the Renaissance Institutional Equities Fund, but I wish it was this easy to clone Medallion. I once...

1st Blogiversary

November 1st is the one-year anniversary of World Beta. I thought I would list some links to some of my favorite 15 posts over the past year for those new to the blog (oldest to newest). Cross Market MomentumMean ReversionWhen Congress Goes to Work, It's Time to SellBeating the Dow with Dogs, Fliers, Bonds, and DarlingsShow Me...

What I’m Reading

I often post links to books I am currently reading, and readers have emailed me with suggestions that I review or at least comment on my opinion of the books (which I will do in the future.) I added up all of the books I ordered on Amazon.com and Half.com so far this year, and it totals 76....

Have a Great Weekend

Just a reminder, never let your money and aspirations for it control you and dominate your life. You may find your possessions strangling you . . . (Photo from Chema Madoz.) Have a great weekend, and go Rockies!

ETF Conference & Links

I am in Chicago next week speaking at the NAAIM ETF Conference. And for the third straight speaking engagement, they have spelled my name wrong (since corrected). If anyone is at the conference, stop by and say hello. (Although I must say the offer to speak at Hedge Fund Royale could have been fun if I...

Warren Buffett is a Colorado Rockies Fan

I am really glad to hear that Warren Buffett is cheering for the Rockies. From the article:Jordan's Furniture, the Warren Buffett-owned local chain famous for commercials featuring brothers Barry and Eliot Tatelman, earlier this year promised free furniture - including sofas, dining tables, beds, and mattresses - to customers who bought between March 7 and April 16, so...

Under a Blood Red Sky

The sunsets here in LA the past two nights remind me of the storyline from "The Road" by Cormac McCarthy. I read it in one sitting on a flight back here. Creepy. (I also ordered his book Blood Meridian.) My best wishes go out to my neighbors to the North and South.--I am eagerly anticipating getting...

The Blow (Up) Fund

Inflation? Nahhhh. Even cocaine prices are up 24% this year. (That is a pic of Raekwon from Wu-Tang, whose new album drops in December.) Barry Ritholtz over at The Big Picture talks a lot about the CPI and how it is a poor indicator of inflation. Below are two charts. The blue line is...

Correlation or Causation? You Decide. . .

So, countries that have high taxes also have large numbers of sexual partners. Maybe I should continue to live in the US and buy a vacation house in Scandinavia?Oddly, Adrian White, analytic social psychologist at the University of Leicester in England rated what he considered to be the happiest countries in the world. According to White’s data,...