Chart of the day: Rolling 3-Month Correlation Between Oil & S&P500
Over the past few years the correlation between oil (especialy WTI Crude Oil) and the S&P500 has been remarkably consistent with an average of about 0.75 (scale from -1 to 1). However, over the…
Paul Allen Slams Bill Gates in Memoir
According to a new memoir by Microsoft co-founder Paul Allen, Bill Gates schemed to take shares in Microsoft following his partner’s treatment for cancer. WSJ’s Kevin Delaney and Julia Angwin discuss…
Status of…
Source: Bespoke…Recently Discovered Video Interview with Seth Klarman
For those who don't know Seth Klarman, here's some brief info from Jacob Wolinsky at Valuewalk: Seth Klarman is undoubately one of the greatest investors of our time. Klarman manages Baupost Group,…
XOIL Tries to Be Spot-On Spot
Global X launched a new equity ETF on Tuesday (3/15/11) that attempts to achieve high correlation to crude oil spot prices. Global X Oil Equities ETF (XOIL) provides exposure to pure-play oil…
Weekend Reading Links
The weekend is always a great time to catch up on some of the week's reading you missed...
Best Hedge Against Rising Oil Prices: Part 1
by: Dr. Osman Gulseven After the UN resolution on no-fly zone in Libya, the coalition forces just launched an almost full-scale operation on Libya. I was watching Euronews to get latest updates on…
Warren Buffett 2010 Berkshire Hathaway Letter
[scribd id=49590880 key=key-1yt90eej2d8whx9ivnbq mode=list] Source: Fortune