Beware of Hedge Fund Holy Grail Quests and Their “Shadow” Costs A lot has been written about hedge fund fees and their relatively poor performance (click here for the latest from Warren Buffett), but not much has been written about other “shadow” costs of adding what are often pitched as holy grail like risk reducing … More Would Hedge Fund Investors Be Wise To Remember The Sage Wisdom of Monty Python?
Just a simple note to pay tribute to an artist who created wonderful music and inspired passion in many. I will always remember going to see the movie “Purple Rain” and driving home from school blasting “Little Red Corvette“. Thanks Prince. The memories that you created will stay with me forever. The magic starts below … More Still Gently Weeping
Are Wall Street, and even Federal Reserve, forecasts often about as accurate as April Fool’s Day jokes? Unfortunately, yes, sometimes the might make you smile. This week I was fortunate enough to attend a private reception and then a lunch with Janet Yellen at the Economic Club of New York. The experience and debate of … More April Fool’s Day Forecasts?
“It’s money in the bank” is an old way of referring to the value of a sure thing. “Triple bottom line” is a relatively new way of accounting for the value of a business enterprise in terms of its generation of 1) Profit, and the value it adds to 2) People and 3) the Planet. … More Trash to Cash – The Plastic Bank
Having the courage to stand against what we know is wrong, even if it means personal sacrifice. To help reinforce the importance of this message to our children, this weekend my family watched the movie, He Named Me Malala. It focuses on the story of Malala Yousafzai, the Nobel Prize laureate who, even after being shot in the … More The Man In The Glass
When will investors learn? Complex investment bets often don’t end well. To highlight this point, a new study by the Pioneer Institute states that the Boston based MBTA transit system’s use of financial derivatives was “reckless.” Yes, a strong word, but unfortunately it might be well deserved. According to the report, “Despite warnings by the state auditor … More Boston’s MBTA Use of Wall Street Derivatives “Reckless”
Would Lehman Brothers have been better off if it had been Lehman Sisters? In a recent Wall Street Journal article titled, Banks Run by Women Might Be Less Vulnerable in a Crisis, Toddi Gutner mentions a quote from Christine Lagarde, Managing Director of the International Monetary Fund. In 2008, Lagarde quipped, “If Lehman Brothers had been Lehman … More “Lehman Sisters” – Would Banks Be Better If More Were Run By Women?