My morning train reads (Continues here):
• Mohamed El-Erian: Investors beware: economists at large (FT)
• Top 10 Countries Hoarding Cash (Wall St. Cheat Sheet)
• Study: A hedge fund manager’s performance-based incentive fees are indicative of his or her appetite for risk and leverage rather than skill. (CIO) see also Do Incentive Fees Signal Skill? Evidence from the Hedge Fund Industry (SSRN)
• Firm Inefficiency (Overcoming Bias)
Category: Financial Press
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.