Common Sense Hedge Fund – Performance Worse than the Prostitution

A hedge fund manager right here in Portland, Oregon was recently arrested for soliciting a prostitute.

On top of that, many of the hedge fund’s clients are now pulling out their money. This company had roughly $3.2 billion under management – a huge amount of money that translates into the hedge fund manager making an outrageous amount of money (for themselves – not necessarily for their investors).

I know a lot ...

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Debt Limit Debate is as Old as the Country

These two just won’t stop fighting.

Over two hundred years since Hamilton got himself killed, I can hear Jefferson and Hamilton continue to fight via the words and arguments being tossed out over the debt limit. Mostly I hear Jefferson coming from the camp that is contemplating whether or not it would be a “big deal” if we ran up to the limit. Answer: Yes, it would be terrible.

I am horrified by the casualness with which they toss around ...

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Progress in Central Banking

Apparently Raghuram Rajan is a “sexy” banker.

Good for him. During his time at the University of Chicago, it hadn’t occurred to me that he would have international appeal as an economist and a heart throb (one of my daughters is more into Johnny Depp). If it works to help India’s economy, more power to it.

I write a fair amount of cynical and/or critical posts. I thought I’d break ...

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The President Should Ignore the Debt Limit

That’s right. If we get to the debt limit, it should be totally ignored.

What the President should do

Here is an explanation of what the President should do and why he should do it if we go over the debt limit.

Please understand that I am not writing this in support of one party or another. This has nothing to do with whether or not I think the Affordable Care Act is a good idea. I am also not ...

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US Debt Ceiling – From Another Perspective

Congress just keeps fighting and fighting about the federal budget – and the debt ceiling is rearing its nonsensical head again. I continue to believe this whole US public debt issue needs to be understood from the reverse perspective.

I recently wrote a post on the size of US public debt and why I don’t think it is as large of a problem as many would have us believe.  I also ...

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Bill Miller and Why you Can’t Trust Stock Picking

You just can’t trust stock picking.

I don’t mean stock pickers lie about everything. What I mean is you can never trust it to keep working, even when it has worked in the past.

Have you ever made a good stock pick?

I have a relative who bought a few stocks that did quite well for a few years. She figured she knew something about investing. The reality was she just got lucky, but it is difficult for an unseasoned ...

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