Lance on Oct 14 2008 | Filed under: Risk, Valuation, today's links
Yesterday was one fo the best days ever for the stock markets:
What does it mean? I think it ultimately depends on factors unrelated to the move itself. Econompic provides us with some context:
Obviously large one day moves in and of themselves tell us little about what is to come. So, let us at least look [...]
Lance on Jan 29 2008 | Filed under: Absolute Return, Asset Allocation, Commodities, Developing Markets, Domestic Equities, Domestic Fixed Income, Great Investors, Hedge Funds, International Equities, Managed Futures, Portable Alpha, Relative Return, Risk
Finally it is the long-term investor, he who most promotes the public interest, who will in practice come in for most criticism, wherever investment funds are managed by committees or boards or banks. For it is in the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of average [...]
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