Jeremy Grantham the head of GMO is known for his quarterly essays to investors. Unlike other fund managers who letters to investors dont contain the usual postdictive crap and what has just happened but rather look at the big picture of what is happening in the world. Sitting in a Panera in Boston’s financial district…
As a history buff I am somewhat of a Max Hastings fan – his writing on history is both sweeping and insightful. Having read this piece I am struggling to find reasons to disagree with him and I am struggling to find reasons why this phenomena is not universal. If you live a normal life…
Little piece from WSJ on who is winning and who isnt among hedge funds. Interesting to see that John Paulson who was a big winner with his bet against housing is not doing so well.
Having listened to a lot of the drivel that is being sprouted as expert commentary over the past few days I thought this rather neatly summed up the standard of comments.
I have just returned from a rather extended breakfast with someone to find that the market has continued to crap itself. You might ask how I can only just be getting back from brekky at 11.30 – surely I would have been in front of the screen from first light. Nope……not a chance, but I…
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