規制の欠如であり、情報ではない...。
It’s eleven days into 2010 and already the stories about the evils of the hedge fund industry are hitting the news sites. I have one thing to say to all the reporters who continue to write this stuff – Thank you. Without your stories, I’m not sure that I’d have a lot to write about. The most recent item comes from the good people at Reuters Breaking Views, titled Hedge Fund Tell Part of Results. The story complains that hedge fund indices are riddled with bad information because the data are mostly survivor biased. This means that because funds are not required to report returns to the databases the indices […]
私たち全員がやるべきことを...。
With the New Year comes a whole host of New Year’s resolutions, New Year’s ideas, New Year’s activities, and other stuff that needs to be done as the old year passes. The reality is that little if anything gets done. Change doesn’t come simply because the clock strikes midnight: It comes because people want it to or they have it forced upon them. I only had two resolutions this year. One is to read 52 books and the other is to do something nice for somebody I don’t know and will never meet. The first is harder than the second, I think, since I’m already behind…. But now I have […]