Mike in the Midwest

Study Finds Few Hedge Funds Pocket Mythical '2 and 20'

"He’s okay with “2 and 20″ for smaller allocations, but wants to see fees slide to “1.5 and 15″ for larger allocations."

Has this guy ever read a PPM? 99% of funds can waive or reduce management & performance fees for strategic (read: large) investors. The problem was that during the HF boom it was a "seller's market" and funds could take a hard line on fees. Nowadays, If a large institutional investor plays hard ball on the fee structure there is a good chance the fund will make some concessions.

While the chart is informative, I'd really like to see the data broken out by fund size.

When Greed Is Good

Thank God for guys like you, Roger and Howard out there who are actually putting forth contstructive ideas about how to get us out of this mess, one good investment at a time.

Return to Aggbank

David, why do you suppose a simpler, more equitable program has not been proposed by the new administration? This looks like more of the same from the govt/treasury. Are they blinded by their election mandate to the point where they assume anything they try will work? Or are they simply too close to the bank execs, whose jobs would likely be lost in the event of a total recapitalization? These people are smart enough, but I contend they cannot see the forest for the trees.

The End of Behavioral Finance

So Richard Thaler is representative of all managers who incorporate behavioral finance into their investment decisions? I think your post is more a rant on EMT than on behavioral finance. We still live in a world where people make decisions based off of heuristics, ergo the study of finance will also (to a degree) involve the study of people. I agree with poster #1 regarding art/science but does that justify a Nietzsche-like "behaviorial finance is dead" conclusion?

I don't mean to sound disingenuous; I agree with most of your posts, but this one just sounds like you had something to get off your chest. Hard to blame anyone though in this environment.

Good Point, Merkel, But Rating Agencies Are Still to Blame

Mr. Stichnotch, I clicked on your article with the expectation of reading an article not a comment. Your post belongs below Mr. Merkel's article in the "comments" section just like everyone else who doesn't have anything meaningful to say.

Morningstar Analysts: Confused On Fair Value?

I think the key is the "exceed by varying degrees", which in itself is laughable. But Where is the explanation for why I should sell IBM 31% above its Fair Value Estimate, when it is already 5% above what it's worth!! Why does Morningstar have a nice round number for its FVE, and then for example by MMM suggest selling at 116.8?? Must be some sophisticated technical analysis I guess. Well I tried to explain but now I only have more questions! Mike in Germany

Protecting Against a Dollar Decline

US Dollar index perhaps?