The end of summer
It has been a long a hot summer: The markets, the politics, the weather and the senseless violence both here and abroad. Thankfully in the next few weeks the summer will wind down and cooler heads will prevail. We hope. Then there’s the election, the focus of everything and anything for the next months. Fatigue […]
Too many cooks in the kitchen
I read two very interesting observations about hedge funds last week from two very respectable sources. One was in the quarterly letter of Dan Loeb’s Third Point LLC and the other from Oaktree Capital Group LLC’s Howard Marks. Each said, in their own unique style, of course, that there are too many hedge funds, leading […]