1st Quarter 2014 Partner Letter
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Why stocks may be sniffing out inflation
Why stocks may be sniffing out inflation. Is it time to buy gold or gold miners? We think its a favorable trade. It wasn't that long ago that it was gospel to have 5-10% of a conservative…
Trading Desk Photos - Business Insider
Trading Desk Photos - Business Insider. Yours truly about 17 down or so. The one from Park City of course. Not a bad place to have to trade from.
Einhorn Sees Tech Bubble - Business Insider
Einhorn Sees Tech Bubble - Business Insider. Hedge fund manager David Einhorn, who runs Greenlight Capital, says that we're witnessing a tech bubble, CNBC reported citing his fund's quarterly…
The Flaw In Passive Investing - Business Insider
The Momentum Stock Meltdown Has Exposed A Big Flaw In A Very Popular Investing Strategy Passive investing, or investing in a benchmark index and letting the money ride, is probably the most…
No surprise the market acted poor this week
The relentless cram down of IPOs has come to a screeching halt as 4 of the 8 deals to price Thursday night got postponed. The insane valuations many Internet stocks traded at and still trade at got…
Hedge Funds Saw Declines in March - WSJ.com
http://online.wsj.com/news/articles/SB10001424052702303847804579479841325311678?mg=reno64-wsj
Is it better to buy the market at a high PE or low PE? Well, it depends on your time horizon
Somewhat counter-intuitively, history shows that buying the market at a lower relative P.E. is likely to be hazardous to your financial health in the short term. It is important to mention that…
Google, Facebook, Twitter: Not Enough Dollars to Go Around - Barrons.com
I'm glad to see someone else echoing my view. Google seems the most vulnerable in my opinion as the only model the company has is an ad model. At stunning figure seldom mentioned is that the Safari…
BFAM announces secondary offering- another Bain private equity feeding at the trough
Bright Horizon Family Solutions announced a secondary this afternoon as we expected. Glad we are short the stock, not happy we are not short more. After trying to cover small amounts with almost…