The University Endowment Sweet Sixteen Bracket

Via Chief Investment Officer, we see this amusing comparison of major university endowments. I am not sure how the winners are determined, other than where a small subset of asset managers would like to one day work.

Based on the recent performance data I have seen, there seem to be lots of under-performers. Well, at least they paid a lot for the privilege . . .




Source: Chief Investment Officer

Category: Asset Allocation, Hedge Funds, Investing, Venture Capital

10 Tuesday AM Reads

My two-for-Tuesday morning train reads: • Can any ex-Citadel money managers ever hope to beat Ken Griffin? (Chicago Business) • Stocks Have Plenty of Room to Rally: Based on Morningstar’s definition of a market expansion, this bull is just getting going (Barron’s) but see The Only Six Stocks That Matter: Amazon, Google, Apple, Facebook, Netflix, Gilead account for the bulk of…Read More

Category: Financial Press

Kids React to 1st iPod

Prepare to feel very old:



Category: Technology, Video

Category: Think Tank

What Are The Reasons to Own Gold Miners?

Bloomberg View Columnist Barry Ritholtz discusses the price of gold. He speaks on “Market Makers.”

Category: Gold & Precious Metals, Really, really bad calls, Video

Gramm’s Unrepentant Cognitive Dissonance

    Some people look at subprime lending and see evil. I look at subprime lending and I see the American dream in action. My mother lived it as a result of a finance company making a mortgage loan that a bank would not make. –former U.S. Senator Phil Gramm Many elected or appointed officials…Read More

Category: Bailout Nation, Bailouts, Philosophy, Politics, Really, really bad calls

10 Monday AM Reads

We are deep into the summer, trading volumes are light, but the news flow is relentless. W have you covered with your morning train reads: • Berkshire Hathaway’s Bright Future: Warren Buffett has positioned Berkshire Hathaway to prosper long after he steps down as CEO. (Barron’s) • How to fix the Euro (Interfluidity) • Gold is doomed (WonkBlog) • Housel: Why rules…Read More

Category: Financial Press

Apple’s New Product Intro Pattern

Farhad Manjoo of the NYT explains the why the usual pattern seems to be happening with Apple: “Analysts’ estimates vary wildly, with many originally predicting that Apple sold three million to five million watches from April to the end of June. After studying Apple’s opaque earnings report, several analysts revised their estimates down to about 1.5 million to…Read More

Category: Analysts, Technology

Monetary Policy Normalization in the United States

Category: Think Tank

Biggest Black Holes and Cosmic Monsters



Category: Science, Video