the satisfaction we feel when someone is accountable.
Joshua M Brown
5 ways active management can remove the gun from its head
benchmarks used to be a way for managers to be evaluated after a period of performance, whereas now they serve as a target which managers are meant to shoot for before the fact.
The World Gets Serious About Climate Change
“Both the actual climate and the associated politics seem to be changing more rapidly these days”
“after nine years of Twitter’s existence, my mother still doesn’t understand what it means to ‘hashtag'”
It still isn’t a mass market product and it is unclear if it ever will be.
Hot Links: Poisonous Sentiment
What I’m reading this morning
dearly departed
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Actually, gold RISES after rate hikes begin
If you believe that history is any guide at all when it comes to monetary policy, the dollar and gold, then this may be of interest to you… Gold has been in a death spiral of late based on the twin fears of rising rates and a dollar at decade highs. According to HSBC’s FX…
Yeah I said it…
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The Worst Month for Commodities Since Lehman
S&P Dow Jones Indices has a thing on commodity prices at their blog, Indexology, that is sure to raise some eyebrows. July 2015 is shaping up to be the seventh worst month for the GSCI index of 24 commodities in recorded history. The index is down 13.59% month-to-date, a feat it has only achieved in six…
QOTD: Shanghai’s Investor Class is a Kindergarten
irrationality will be the rule, not the exception