If you have not done so watch Ken Burns documentary on the Civil War – it is a profoundly compelling and surprisingly gentle doco on a nation tearing itself apart. Ken Burns: On Story from Redglass Pictures on Vimeo.

Snipped these from the always interesting Practical Quant Hedge funds are still rubbish……

…when you practice…..

Damage to the share price is all well and good but why are none of these bastards in prison enjoying the benefits of sharing the soap……..  

How would have thunk the CPA’s would actually get an interesting guest.

This is my reading/watching list for the weekend….. Why Floundering Is Good – Psychology Today Living Cells Show How to Fix the Financial System – Bloomberg 89 Business Cliches That Will Get Any MBA Promoted And Make Them Totally Useless – Forbes Eugene Fama – Do Active Managers Earn Their Fees? – ClientInsights…..here is a…

Ricky Gervais, Jerry Seinfeld, Chris Rock and Louis CK talking about craft, hard work and success.

Could it be any more awesome…

Nothing to see here….yet…maybe

From New York Post Ray Dalio’s Bridgewater Associates, the world’s largest hedge-fund firm, with $120 billion in assets, has hit a rough patch. After leaving its rivals in the dust for the past two years with mouth-watering double-digit returns, Bridgewater is now trailing them. Its flagship fund, Pure Alpha, fell 2.7 percent in 2012’s first…