Can the Hedge Fund ETF Actually Deliver? [View article]
Factor based analysis doesn't really work, it essentially developes a static and backward looking explanation for past returns and then tries to apply it (statically, again...) to a dynamic market. Try driving forward while looking thru the rearview mirror. Or think of it this way, you are extracting all the factors that you hope aren't driving hedge fund returns, and creating a fund from them, while ignoring a large part of the manager's skill.
Agreed. All those drinking the "Kill the Hedgie" Haterade are simply ignorant. Granted, from a metric point of view, some traditional form alts are catching up, so market and competitive forces will force hedge funds to 1. lower fees 2. increase transparency and liquidity. Anyone deriding them as derivative casinos simply don't know what they are talking about. I'm in the fund-of-fund business and the level of risk exposure management in our firms is world-class; also, had the banks been on the same level they could have avoided this mess.
The End of the U.S. As We Know It: Tracking the Dollar Downward [View article]
Interesting theory. Perhaps I should master the markets, and collude with the swiss to create a gold standard once Texas secedes from the Union. I'd prefer to just bounce through the folds of quantum space-time to a beautiful island and eat mangos.
David Swensen on Funds, Distressed Securities and Investing [View article]
I completely disagree with Swenson. Building a fund of funds portfolio is very similar to building a portfolio of stocks, with the main purpose being to reduce idiosyncratic risk. They perform due diligence on the funds just like someone would do for a stock.
good article. anyone with a basic education can understand the concept of resource carrying capacity, but unfortunately, we have become short sighted in our socio-economic development and can't see beyond our limited life-span.
Five Ways the Global Economy Is Rebounding [View article]
I agree with the statement that this is the end of the beginning. Its as if the government packed our parachute and when we pulled the cord, out popped an umbrella. Yes, it will slow us down, but we still have some falling to do.
but what really gets me are the people who are screaming "socialist!" about the Dems and yet supporting everything the government is doing. We are all the in same boat here, and finger pointing isn't going to help anything.
Was 'Peak Oil' a Multi-Billion Dollar Hoax? [View article]
Peak oil, a myth? you have got to be kidding me. here it is in simple terms:
oil supply = limited resource with new discoveries decreasing. demand = increasing
the debate is still on the table on whether its happened or not, I give you that, but if you are in a house with a limited pantry and you keep having kids, are you going to deny Peak Food, too?
When Hedgies Attack: Morgan Stanley Drops 40% on Rumors [View article]
dear author: you suck. do your homework on the hedge fund industry before you spew filth like that. everybody said that hedge funds were going to blow up the world, and look who caused all of this, the BANKS. now we hedgies are stepping in to provide capital because the banks can't. yes, we will see a lot of funds evaporate in the next six months, and we call that financial Darwinism. buh-bye.
Is Wachovia the Worst Run Bank in America? [View article]
Garbage. Plain and simple. You can't tell me that the Bush administration isn't to blame for anything. They have been the biggest wipeout failure of any administration for the last 50 years in terms of budget, policy, international reputation etc. you name it. WB is going to be fine.
Xyrus: you rock. That was the best post on here. I always laugh when some B-school MBA arse (like me) tries to prove some point with armchair quarterback science. I don't have a degree in math or fluid dynamamical dynamics, but I know enough about complex systems to say that things aren't always what they seem. Also, why on earth would someone post a news article from a local station as a reference piece?
3 Expected Post-Election Changes - No Matter Who Wins [View article]
Change is inevitable. To continue with solid economic growth in the long term (ie. 50 years), we need to retract, rethink, and regroup.
The Carbon tax is necessary, but would be more effective if it was a carbon neutral tax, where the income would be used to fund the looming social security gorilla and the cost would incite taxpayers to pollute less.
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Latest comments | Highest ratedShould We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor? [View article]
Give Bernie a Break [View article]
Can the Hedge Fund ETF Actually Deliver? [View article]
The Broken Hedge Fund Model [View article]
The End of the U.S. As We Know It: Tracking the Dollar Downward [View article]
David Swensen on Funds, Distressed Securities and Investing [View article]
Peak Oil's Bell Is Ringing [View article]
Five Ways the Global Economy Is Rebounding [View article]
but what really gets me are the people who are screaming "socialist!" about the Dems and yet supporting everything the government is doing. We are all the in same boat here, and finger pointing isn't going to help anything.
Was 'Peak Oil' a Multi-Billion Dollar Hoax? [View article]
oil supply = limited resource with new discoveries decreasing.
demand = increasing
the debate is still on the table on whether its happened or not, I give you that, but if you are in a house with a limited pantry and you keep having kids, are you going to deny Peak Food, too?
When Hedgies Attack: Morgan Stanley Drops 40% on Rumors [View article]
Is Wachovia the Worst Run Bank in America? [View article]
WB is going to be fine.
Oil: The Inconvenient Truth [View article]
3 Expected Post-Election Changes - No Matter Who Wins [View article]
The Carbon tax is necessary, but would be more effective if it was a carbon neutral tax, where the income would be used to fund the looming social security gorilla and the cost would incite taxpayers to pollute less.