Is Private Equity Bad for Economy?
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Perhaps this would be of assistance for the JPMorgan Office of Investment Management in London:
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Jeffrey Gundlach, founder and chief executive officer of DoubleLine Capital LP, discusses bond markets, the impact of Europe’s debt crisis on mortgages and the ways his family shaped his interest in mathematics. Gundlach, speaking with Tom Keene on Bloomberg Television’s “Surveillance Midday,” also talks about JPMorgan Chase & Co.’s $2 billion trading loss, and the outlook for Apple Inc. and Facebook Inc.
Source: Bloomberg May 17 2012
BBC Interview with Nassim Taleb on JPMorgan
Hat tip Jesse’s Cafe Americain
Why Foxes Are Better Forecasters Than Hedgehogs from The Long Now Foundation on FORA.tv
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From his perspective as a pyschology researcher, Philip Tetlock watched political advisors on the left and the right make bizarre rationalizations about their wrong predictions at the time of the rise of Gorbachev in the 1980s and the eventual collapse of the Soviet Union. (Liberals were sure that Reagan was a dangerous idiot; conservatives were sure that the USSR was permanent.) The whole exercise struck Tetlock as what used to be called an “outcome-irrelevant learning structure.” No feedback, no correction.
He observes the same thing is going on with expert opinion about the Iraq War. Instead of saying, “I evidently had the wrong theory,” the experts declare, “It almost went my way,” or “It was the right mistake to make under the circumstances,” or “I’ll be proved right later,” or “The evilness of the enemy is still the main event here.”
Tetlock’s summary: “Partisans across the opinion spectrum are vulnerable to occasional bouts of ideologically induced insanity.” He determined to figure out a way to keep score on expert political forecasts, even though it is a notoriously subjective domain (compared to, say, medical advice), and “there are no control groups in history.” – The Long Now Foundation
May 18 (Bloomberg) — Barry Ritholtz, chief executive officer of FusionIQ, an equities research firm, talks about the initial public offering of Facebook Inc. and the social network company’s growth outlook. Ritholtz speaks with Erik Schatzker, Sara Eisen and Scarlet Fu on Bloomberg Television’s “InsideTrack.”
Bloomberg, May 18, 2012
Last week JP Morgan Chase acknowledged a trading loss of at least $2 billion, fueling calls by some observers for more regulation of financial institutions. Chris Whalen, a Senior Managing Director at Tangent Capital Partner, tells Bloomberg Law’s Lee Pacchia that it was actually too much regulation that led to the loss. Jeff Madrick, a Senior Fellow at the Roosevelt Institute, maintains instead that regulators need to clamp down on financial institutions if the dangers of such losses are to be minimized.
Bloomberg Law, May 17 2012
Paul Kedrosky, author of the Infectious Greed Blog and a Bloomberg contributing editor, talks about the outlook for Facebook Inc.’s initial public offering. Kedrosky speaks with Erik Schatzker, Stephanie Ruhle, Scarlet Fu and Sara Eisen on Bloomberg Television’s “InsideTrack.”
Source: Bloomberg May 17 2012
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For $75, This Guy Will Sell You 1,000 Facebook ‘Likes’
Steve Henn and Zoe Chace
NPR, May 16, 2012
http://www.npr.org/blogs/money/2012/05/16/152736671/this-guy-will-sell-you-sell-you-1-000-facebook-likes