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Saturday, May 31, 2014
Friday, May 30, 2014
Thursday, May 29, 2014
Citi Hedge Fund Report
http://www.citibank.com/icg/global_markets/prime_finance/docs/Opportunities_and_Challenges_for_Hedge_Funds_in_the_Coming_Era_of_Optimization.pdf
TheMoneyIllusion � Tim Duy on monetary offset
TheMoneyIllusion � Tim Duy on monetary offset:
Unfortunately you can’t really do anything meaningful when the Fed thinks the economy is “exactly on the right track,” and does whatever is necessary to keep it on that track.
It’s the Fed’s nominal economy, we just live in it.
Unfortunately you can’t really do anything meaningful when the Fed thinks the economy is “exactly on the right track,” and does whatever is necessary to keep it on that track.
It’s the Fed’s nominal economy, we just live in it.
Wednesday, May 28, 2014
Private Equity Limited Partners Have Done A Lousy Job of Protecting Themselves
Private Equity Limited Partners Have Done A Lousy Job of Protecting Themselves:
Harvard expects an “illiquidity premium” from private equity over public markets because of the long lock-up periods investors agree to, Mendillo [the Harvard Management CIO] said. “Over the last 10 years, however, our private equity and public equity portfolios have delivered similar results,” she said.
Harvard expects an “illiquidity premium” from private equity over public markets because of the long lock-up periods investors agree to, Mendillo [the Harvard Management CIO] said. “Over the last 10 years, however, our private equity and public equity portfolios have delivered similar results,” she said.
Tuesday, May 27, 2014
It's the Time You Spend on an Elementary School That Makes It Special (and Hard to Leave) - NYTimes.com
It's the Time You Spend on an Elementary School That Makes It Special (and Hard to Leave) - NYTimes.com: ’It’s the time that you spent on your rose that makes your rose so important.”
Monday, May 26, 2014
Sunday, May 25, 2014
Saturday, May 24, 2014
Friday, May 23, 2014
Thursday, May 22, 2014
Anthony Lane: “Godzilla” Review : The New Yorker
Anthony Lane: “Godzilla” Review : The New Yorker:
Best Godzilla analogy ever:
Wrinkled and crinkled, huge in Japan, heroically reluctant to give up, and forever touring the world on a mission to make us scream, Godzilla is the Mick Jagger of giant amphibians.
Best Godzilla analogy ever:
Wrinkled and crinkled, huge in Japan, heroically reluctant to give up, and forever touring the world on a mission to make us scream, Godzilla is the Mick Jagger of giant amphibians.
Wednesday, May 21, 2014
Li Qualifies for U.S. Women’s Open, at 11 - NYTimes.com
Li Qualifies for U.S. Women’s Open, at 11 - NYTimes.com:
She could also be a great sports commentator:
"When you watch the men play, their games are very interesting because they hit balls all over the place and sometimes, they have to get out of the woods.”
She could also be a great sports commentator:
"When you watch the men play, their games are very interesting because they hit balls all over the place and sometimes, they have to get out of the woods.”
Tuesday, May 20, 2014
Tucker on the Young Unemployed, David Henderson | EconLog | Library of Economics and Liberty
Tucker on the Young Unemployed, David Henderson | EconLog | Library of Economics and Liberty:
One thing I like about watching professional sports is seeing how quickly players move on when they get a bad call from a referee, and how effective they are when they do move on. Seeing someone who was treated very unjustly as an innocent child but who did not hold a strong grudge reinforced my belief that the justice trap should be avoided.
One thing I like about watching professional sports is seeing how quickly players move on when they get a bad call from a referee, and how effective they are when they do move on. Seeing someone who was treated very unjustly as an innocent child but who did not hold a strong grudge reinforced my belief that the justice trap should be avoided.
A Life Beyond 'Do What You Love' - NYTimes.com
Should you do what you hate or do want you love?
"It's like Crosby, Stills & Nash said: "If you can't be with the one you love, love the one you're with." The same goes for work. If you couldn't make a living out of what you loved, love what you ended up doing."
A Life Beyond 'Do What You Love' - NYTimes.com
"It's like Crosby, Stills & Nash said: "If you can't be with the one you love, love the one you're with." The same goes for work. If you couldn't make a living out of what you loved, love what you ended up doing."
A Life Beyond 'Do What You Love' - NYTimes.com
Monday, May 19, 2014
That Zero Hedge Article On Unsold Cars Is Bullshit
That Zero Hedge Article On Unsold Cars Is Bullshit:
One of the greatest put down lines:
"Does that mean Paris is full of Nazis and Michael Jackson has been reincarnated? Nope, it's just that photos are recordings of light on a flat medium that capture a moment in time."
One of the greatest put down lines:
"Does that mean Paris is full of Nazis and Michael Jackson has been reincarnated? Nope, it's just that photos are recordings of light on a flat medium that capture a moment in time."
Sunday, May 18, 2014
Geithner, Staying on Script - NYTimes.com
Geithner, who seems sincere, is just another one of the successful people on Wall Street who lack any self awareness.
Geithner, Staying on Script - NYTimes.com
Geithner, Staying on Script - NYTimes.com
The United States of Metrics - NYTimes.com
Does this mean that decision making will improve? I have my doubts. Smart people with numbers can take either side in most debates; climate change, gun control etc.
The United States of Metrics - NYTimes.com
The United States of Metrics - NYTimes.com
Friday, May 16, 2014
Thomas Piketty doesn’t hate capitalism: He just wants to fix it - Vox
Wealth is hard to track.
- There already is a wealth tax on the middle tax. It is called the real estate tax.
- top lists glorify entrepreneurs and hide most wealth. Those lists do not track those with diversified wealth.
Thomas Piketty doesn’t hate capitalism: He just wants to fix it - Vox
- There already is a wealth tax on the middle tax. It is called the real estate tax.
- top lists glorify entrepreneurs and hide most wealth. Those lists do not track those with diversified wealth.
Thomas Piketty doesn’t hate capitalism: He just wants to fix it - Vox
Thursday, May 15, 2014
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
Classic Lewis
""Before he can save any women and children, he has to rescue the drunks in first class who owned all the lifeboats."
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
""Before he can save any women and children, he has to rescue the drunks in first class who owned all the lifeboats."
‘Stress Test,’ by Timothy F. Geithner - NYTimes.com
Advocating Pill, U.S. Signals Shift to Prevent AIDS - NYTimes.com
Article summarizes what is wrong with the US medical system:
1) Reliance on expensive drugs rather than cheap behavioral changes because cost of drugs is not borne by the users.
2) Pricing ability of drug companies because of patents. Generic drug in India cost one tenth of the price.
Advocating Pill, U.S. Signals Shift to Prevent AIDS - NYTimes.com
Wednesday, May 14, 2014
Rational expectations doesn't require smart people, Scott Sumner | EconLog | Library of Economics and Liberty
Rational expectations doesn't require smart people, Scott Sumner | EconLog | Library of Economics and Liberty:
The public defines inflation differently than the BLS. The BLS adjusts for quality improvements whereas the public does not. The public is interested in "how much more money you need to live the way we live today." In the 1950s that was a black and white TV, in the 1980s a color TV, in the 2010 a flat panel HDTV. Thus the public sees TV prices falling less rapidly than the BLS does.
The public defines inflation differently than the BLS. The BLS adjusts for quality improvements whereas the public does not. The public is interested in "how much more money you need to live the way we live today." In the 1950s that was a black and white TV, in the 1980s a color TV, in the 2010 a flat panel HDTV. Thus the public sees TV prices falling less rapidly than the BLS does.
Tuesday, May 13, 2014
The Parasites of Finance - Bloomberg View
My predictions about the financial industry have been wrong as well, since the 90's.
The Parasites of Finance - Bloomberg View
The Parasites of Finance - Bloomberg View
A Deal to Dodge the Tax Man in America - NYTimes.com
Income Inequality. The rich are different from you and me. They evade taxes.
A Deal to Dodge the Tax Man in America - NYTimes.com
A Deal to Dodge the Tax Man in America - NYTimes.com
Monday, May 12, 2014
Sunday, May 11, 2014
Saturday, May 10, 2014
Friday, May 09, 2014
Thursday, May 08, 2014
Nazis Surrendered 69 Years Ago Today - Business Insider
www.businessinsider.com/nazis-surrendered-69-years-ago-today-2014-5#!KYXyC
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