Your morning financial links, expertly curated.
August 2012
Green Day Debuts New Track at Reading Festival
Video.
The Hedge Fund 'Loser's Game'
What happens when the alternative is no longer the alternative but the mainstream? Bad things happen. The pigs start dressing like their former human overlords and walking on two feet. Kurt Cobain blows his brains out. And hedge funds start looking and acting more and more like the mainstream mutual funds and asset managers they…
The Hedge Fund ‘Loser’s Game’
What happens when the alternative is no longer the alternative but the mainstream? Bad things happen. The pigs start dressing like their former human overlords and walking on two feet. Kurt Cobain blows his brains out. And hedge funds start looking and acting more and more like the mainstream mutual funds and asset managers they…
Dogbert Explains JC Penney
Cartoon.
Saturday Night Video: The Price is Right
Video.
Rob Arnott vs Jack Bogle on Fundamenally-Weighted Indexes
The first popular fundamentally-weighted index products that I can remember were mutual funds from Rydex that took mainstream indexes and re-worked them so that they were weighted based on attributes other than simply market cap. And then ETFs came along and latched on to this idea – as soon as it became apparent that merely…
Four Questions for the Retail Brokerage Compliance Officer
“Are there still commission-only brokers left?” an incredulous reporter asked me the other day at lunch.
Broker Gives the Hard Sell…at a Bad Time
Video.
For the Robo-Paranoia Enthusiast…
You’re probably aware that most Apple products are made in a Chinese slave camp called Foxconn, where workers are strongly encouraged to not kill themselves from the stress and strain of their shifts and conditions. And in case that encouragement doesn’t work, nets have been installed to catch employees who would dare attempt to fling…