Something to think about
It is clearly a crazy time, both in the markets and politically, around the globe. The markets are befuddled by the Federal Reserve’s interest rate hike, slipping equity prices and oil sliding lower daily. If that weren’t enough to keep people up at night, the increased threat of terrorism and the lack of leadership in Washington is causing many to scratch their heads, wondering what the heck is going on. Add to it that Carolina is undefeated, and everybody is thinking that the gods must be crazy. Well, I’m sorry to report that I don’t have any real answers. I am just as befuddled as everyone else. The only year-end […]
Thank you for telling me what I already know
Once again the popular press has come out against hedge funds and the lack of performance year to date. Congratulations, Barron’s and Forbes, you are now part of the club of financial journalists writing the same story over and over again. Whether performance is good, bad, or indifferent, hedge funds continue to be the evil that men and women do, according to these and other publications. I have two thoughts about this – first, yes, it is true the performance is poor – the numbers, you see, don’t lie – this is what makes investing great and, more important, transparent. The second is that investing is pure Darwinism – the […]