Money and Finance
- Links
Ruane, Cunniff & Goldfarb Investor Day Transcript (May 2015) [H/T market folly] (LINK) Pershing Square Holdings' interim report [H/T Will] (LINK) Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors' (video) (LINK) Are You...
- The Absolute Return Letter, December 2013: Squeaky Bum Time
QE has led to asset price inflation. That much we established in the November Absolute Return Letter. In this month’s letter we go one step further and look at whether we are now in bubble territory. Considering the strong bull-run we have experienced...
- The Absolute Return Letter - October 2012: When Career Risk Reigns
In this month's Absolute Return Letter we pick up the baton from last month. How does the current crisis actually affect financial markets? How do you overcome the low returns? What can you do to protect the downside risk in a high correlation environment?...
- The Absolute Return Letter - December 2011: The Facts They Don’t Want You To Know
This month's letter is not a typical Absolute Return Letter but it is something that I feel strongly about and wanted to write about for a long time. I hope you will enjoy reading it as much as I enjoyed writing it. The message is simple: Our industry...
- The Absolute Return Letter - April 2011: Confessions Of An Investor
I have been thinking a great deal about risk over the past couple of years. The depth of the financial crisis took many of us by surprise. I made mistakes. I am sure you made mistakes. In fact, the whole industry made mistakes, from which we should all...
Money and Finance
The Absolute Return Letter - May 2012
Investors often behave as if they operate in a world of logic and certainty even when that is not the case. For that reason, history is littered with investors who have failed miserably. In this month's Absolute Return Letter we look at many of the pitfalls facing risk managers and we take a stab at where the next big crisis is going to surface. Our conclusion may surprise a few readers.
- Links
Ruane, Cunniff & Goldfarb Investor Day Transcript (May 2015) [H/T market folly] (LINK) Pershing Square Holdings' interim report [H/T Will] (LINK) Jim Grant: The Fed Turned the Stock Market Into a 'Hall of Mirrors' (video) (LINK) Are You...
- The Absolute Return Letter, December 2013: Squeaky Bum Time
QE has led to asset price inflation. That much we established in the November Absolute Return Letter. In this month’s letter we go one step further and look at whether we are now in bubble territory. Considering the strong bull-run we have experienced...
- The Absolute Return Letter - October 2012: When Career Risk Reigns
In this month's Absolute Return Letter we pick up the baton from last month. How does the current crisis actually affect financial markets? How do you overcome the low returns? What can you do to protect the downside risk in a high correlation environment?...
- The Absolute Return Letter - December 2011: The Facts They Don’t Want You To Know
This month's letter is not a typical Absolute Return Letter but it is something that I feel strongly about and wanted to write about for a long time. I hope you will enjoy reading it as much as I enjoyed writing it. The message is simple: Our industry...
- The Absolute Return Letter - April 2011: Confessions Of An Investor
I have been thinking a great deal about risk over the past couple of years. The depth of the financial crisis took many of us by surprise. I made mistakes. I am sure you made mistakes. In fact, the whole industry made mistakes, from which we should all...