Money and Finance
- The Absolute Return Letter, February 2014: Challenging The Consensus
Link to: The Absolute Return Letter, February 2014: Challenging the Consensus Investors are overwhelmingly bearish on bonds going into 2014. In this month’s Absolute Return Letter we challenge that view and look at various reasons why the bond...
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- 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 - September 2011: If Carlsberg Did Mortgages
The old world is drowning in debt. Governments are responding with austerity programmes and near zero interest rates but neither will work. Economic growth will be required to get the escalating debt under control, but policy makers need to dig deep into...
- Jared Diamond: What’s Your Consumption Factor?
TO mathematicians, 32 is an interesting number: it’s 2 raised to the fifth power, 2 times 2 times 2 times 2 times 2. To economists, 32 is even more special, because it measures the difference in lifestyles between the first world and the developing...
Money and Finance
The Absolute Return Letter, October 2013: Heads or Tails?
The number of people on planet earth will grow from around 7 billion today to over 8 billion by 2030. At the same time, the old-age dependency ratio in many countries around the world will reach critical levels, creating significant headwinds for economic growth and financial markets across the old world. Meanwhile, almost 3 billion people from all over the world will join the middle classes between now and 2030, a shift which may provide a counterbalance. The outcome is far from clear, however, and that is the topic of this month’s Absolute Return Letter.
- The Absolute Return Letter, February 2014: Challenging The Consensus
Link to: The Absolute Return Letter, February 2014: Challenging the Consensus Investors are overwhelmingly bearish on bonds going into 2014. In this month’s Absolute Return Letter we challenge that view and look at various reasons why the bond...
- Klarman Returns Cash
Link to: Klarman returns cash [via ValueWalk]On stage at the Grant’s conference, seated on a bar stool, Seth Klarman corrected a misapprehension. This is not the first time The Baupost Group LLC, over which he presides, has returned cash to its investors....
- 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 - September 2011: If Carlsberg Did Mortgages
The old world is drowning in debt. Governments are responding with austerity programmes and near zero interest rates but neither will work. Economic growth will be required to get the escalating debt under control, but policy makers need to dig deep into...
- Jared Diamond: What’s Your Consumption Factor?
TO mathematicians, 32 is an interesting number: it’s 2 raised to the fifth power, 2 times 2 times 2 times 2 times 2. To economists, 32 is even more special, because it measures the difference in lifestyles between the first world and the developing...