Category Archives: Finance
Letter From a Failing Hedge Fund Manager
Letter from a Failing Hedge Fund Manager Dear valued clients, Sometimes I feel like explaining what I do with your money takes almost as much effort as making it grow. Still, it’s worth it. I’m confident that one day these … Continue reading
I ♥ the Sunk Cost Fallacy
The above picture was taken almost exactly 61 years ago in front of Hungary’s parliament building during the brief revolution against Communist rule. I don’t know who the people in the picture raising the old Hungarian flag atop a captured … Continue reading
Hey, I wrote a book
No, it isn’t about food, travel, or human stupidity, though maybe I’ll get around to those subjects one of these days. It’s called Heads I Win, Tails I Win: Why Smart Investors Fail and How to Tilt the Odds in … Continue reading
Asteroids
I got a request from the friend of a friend a couple of weeks ago to write a short freelance piece about, of all things, asteroid mining. Not exactly right up my alley, but he said they wanted to look … Continue reading
Greater fuels or greater fools? (part 2)
So if your eyes didn’t glaze over reading about neutrinos, hydrinos and doofusinos in my last post, you may be wondering why I think promoters of revolutionary new energy sources may be bullshitters rather than liars. And what’s the difference … Continue reading
Publishers’ clearing house
Going, going, gone! No, not the book publishing industry – not yet, anyway. I’m referring to the atmosphere yesterday when I visited the big Borders store at Columbus Circle, which is closing its doors in a couple of days. Unlike … Continue reading
Prius envy
If F. Scott Fitzgerald’s famous (and apocryphal) line that “the rich are different from you and me” were updated from Paris in the twenties to Hollywood today then Ernest Hemingway’s reply might have been” “Yes, they can afford to be … Continue reading
Cacophony and cheese 