A new academic study asks whether hedge funds make markets inefficient and the answer appears to be ‘no.’ “Hedge Fund Herding and Crowded Trades: The Apologists’ Evidence,” is the work of Blerina Bela Reca of the University of Toledo, Richard W. Sias, University of Arizona and Harry J. Turtle, Washington State University. The authors examined…
Maybe….maybe not. Its probably more akin to pick pocketing with baseball bat – supposedly subtle and frictionless but actual a source of violence. More here
Just to widen everyone’s gaze. To steal from Mark Twain….reports of the death of trends have been greatly exaggerated.
Note to audience – this video contains smart people doing smart things. Do not watch if you have a passion for reality tv, womens magazines or if you have a child with a bogan name such as Alivia, Alixzander, Amarly, Antwonet, Ararahbella or Sierra-Leonie.
Brilliant piece by Matt Taibbi of Rolling Stone – I have said it before and I will say it again – Taibbi is the best finance journalist going around today. All the rest seemed to be boring hacks who try and conjure up some postdictive bullshit as to why something happened as opposed to looking…
Following on from my surprise that betting agencies present their information in a manner similar to other derivative providers I have been doing a bit of trolling around and found that someone is actually making a market on the timing of the discovery of the Higgs boson. For those not up with the nitty gritty…
I have just started reading The Status Syndrome which is a look at how our status and how the perception of our status affects both our longevity and our health. In the opening few pages I have learn’t that actors and actresses that won an Academy Award lived four years longer on average than those…
Matt is back For those who missed the original I find these vids to be a contrast between what we could be versus what we are……
I occasionally peruse the Finalternatives website. Generally to find out who is going to jail and which hedge fund manager despite delivering sub par performance for the past decade has still managed to buy a $25,000,000 apartment I came across this headline whilst scanning it this morning – Thiel Launches Growth-Stage VC Firm I thought…
So I trained at LB’s gym this morning and the conversation around us went something like this. Oh….did you feel the earthquake last night the terror…..It rattled my china ponies…I thought I was going to lose them all…..and then to come in here and its so cold, I dont know if I can stand 10…
I spotted this whilst having brekky this morning and thought it was worth a bit of analysis. It is a list of the worlds highest paid athletes which in itself is interesting from a voyeur’s perspective.- Forbes lists 100 athletes but I cut the list down to the top performers. The top performers are shown…
Here is something I didn’t know – I had no idea that betting agencies presented their information in such a fashion. The image below represents the collapse in betting around Tiger Woods to win the US Open – hell of a short trade if such things are at all possible.
….goes to Fairfax who today discovered the internet. And the prize for the most surprised employees goes to Fairfax employees who were clearly surprised that Fairfax management had discovered the internet. And were even more surprised that they were going to do something about it. …..Good luck with that…..
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