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Benchmarks matter

Dec 7, 2009
Last month we wrote a post titled “Gimmicky ETFs” in which we discussed the launch of two new ETFs designed to track indices covering companies doing business in Oklahoma and Texas.  We don’t normally look at individual ETFs, but thought this would be...

Monday links: cash in hand

Dec 7, 2009
Gold vs. CDs.  Over the past 30 years CDs win.  (Bloomberg) News flash:  correlations are unstable.  (FT Alphaville) Steve Place, “A major component of risk management in options trading is making sure that the trading vehicle you’re using...

Sunday links: stories of woe

Dec 6, 2009
Don’t fool yourself thinking that a change in management will rescue a bad business.  (WSJ) Has John Paulson taken his foot off the gas?  (Clusterstock) Expect more stories of woe from hedge fund managers who bet against a stock market rally in...

Top clicks this week on Abnormal Returns

Dec 4, 2009
We apologize for missing last week, but we are back with the top ten twelve posts Abnormal Returns readers clicked on for the week ended on Friday, December 4th.  The description is as it read in that day’s linkfest: Hedge fund manager Bridgewater...

Friday links: taxing traders

Dec 4, 2009
An interesting discussion with two Buffett experts.  Jeff Matthews talks with Buffett-biographer Alice Schroeder.  (Jeff Matthews) Robert Rodriguez of the FPA Capital Fund didn’t become the leading fund manager since 1984 by following the crowd. ...


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