What do falling oil prices mean for the U.S. in the short and long term Barry Ritholtz Washington Post, February 14 2015 Since early 2014, the price of oil has plummeted. It peaked last year at $105 a barrel and is now about $50.The consumption and production of energy is a major…Read More
This week, the “Masters in Business” radio podcast features Cliff Asness, the founder and CIO of AQR.
As CIO of AQR, Asness and his team manages $120 billion dollars. They are quants, who invests by applying mathematics to market data, making evidence based bets across a range of asset classes.
In a far-ranging 90 minute conversation, we discuss everything from value to momentum to the small cap effect. We also discuss the Efficient Market Hypothesis, how and why markets can be irrational, and what it was like to be part of the Quant Flash Crash of 2007. If you are interested in what quants actually do, be sure to check out the podcast portion when its posted. Asness gives a graduate level seminar on Quantitative investing.
Next week, I speak with Sal Arnuk, Joe Saluzzi of Themis Trading.
Settle into your favorite easy chair, pour a cup of joe, and enjoy our longer form weekend reading: • The Riddle of Tampa Bay: Harold and Jay Bowen—who alone have managed billions for Tampa’s police and firefighters for forty years—may be two of the greatest stock pickers of all time. (Chief Investment Officer) • Your Brain Is Primed To…Read More
Category: Financial Press
MONEY We’re impressed when you make it, and continue to make it. The more zeros the better. CONTINUITY Momentary blips are not stars, they’re comets. If you don’t last, especially in today’s overloaded, evanescent world, you’re irrelevant. DO IT YOURSELF Screw the millennial teamwork/group construct. We want to see individuals triumph, it’s the American Way….Read More
Succinct Summations week ending February 20th Positives: 1. Stocks keep humming, the S&P 500 and Russell 2000 made new all-time highs. 2. Initial jobless claims fell to 283k vs the 290k expected. 3. EU consumer confidence hit the highest levels since Sept 2007 4. Markit US manufacturing PMI came in at 54.3, slightly higher than…Read More
To outsiders, Wall Street is a manic, dangerous and ridiculous republic unto itself – a sort of bizarro world where nothing adds up and common sense is virtually inapplicable. Consider the following insane things that we believe on Wall Street, that make no sense whatsoever in the real world: 1. Falling gas and home heating…Read More
Here are our end of week morning train reads: • Walmart CEO Doug McMillon letter to associates regarding minimum salaries (Walmart) see also A stimulus plan for the heretofore unstimulated (TRB) • Revealed: The experts Apple hired to build an electric car (9to5 mac) • Why Nasdaq in 2015 is not the same as 2000 (Irrelevant Investor) • Your Alpha…Read More
Category: Financial Press
Kawasaki has unveiled the most powerful production motorcycle ever. The 2015 Ninja H2R generates a ludicrous 300 horsepower from its supercharged engine. (conpare with Alfa Romeo’s 4C that has 237 HP; BMW’s popular HP4 superbike = 193. More photos and video after the jump Source: Businessweek