Its Friday
I could watch people make dicks of themselves all day……..
Hedge Funds Fudge Their Data…Say It Isn’t So
From The Economist – Some revisions may be down to cock-up but a closer look hints at conspiracy. Counter-intuitively, most fixes aim to make performance look worse than originally stated. That is probably because two-thirds of funds charge performance fees only if they are at or above their highest valuations. Eager to bring forward the time…
DetailsWTF?
Apparently, the Bank of Cypress was named best bank for private banking in 2012.
I Wonder How Long It Will Be
…before I start seeing real estate seminars advertising this….
Sell Side Bearishness
I have been seeing a few articles pop up about how bearish Wall Street is about the current rally. The chart below courtesy of Merrill Lynch has been popping up for the past few months. Apparently it is telling me that analysts have not been this bearish for about 30 years. To be honest I…
DetailsThe Venn Diagram of Irrational Nonsense
This is brilliant…wonder if its available as a t-shirt to send to people… From The Reason Stick
DetailsPassive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See
This is quite an interesting video from a group known as Sensibleinvesting.tv. I do agree with its overall thrust – fund managers of all ilks do a rubbish job for the extraordinary amount of money they rip off investors. They do such an ordinary job because they cling to ideas that simply no longer have…
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