May 2014

Excerpt: The Myth of the Media Diet

My friend Tadas Viskanta at Abnormal Returns was kind enough to publish an excerpt from the first chapter of my new book, Clash of the Financial Pundits. In the chapter, The Myth of the Media Diet, I talk about why it’s unrealistic to think we can simply “turn out the noise” and why a strategy of…

The Benefits of the Liquid Alternatives Boom

Justin Frankel is a good friend of mine and he’s a New York City-based portfolio manager at RiverPark. In response to my post this week about “liquid alternatives”, he put the following up at his Tumblr and I asked him if I could run it here. Because we’ve lost track of which one of us…

Back to Chasing Bonds

Investors are back to doing what they do best this month – running after the thing that’s getting away from them, regardless of whether or not it’s in their best economic interest to do so. Here’s Yuriy Shchuchinov from Bank of America Merrill Lynch’s Credit Strategy team: As interest rates continue to decline, mutual fund and…

Wells Fargo Broker’s potential Ponzi unraveling

This just in via SF Gate: A longtime Bay Area broker who resigned from Wells Fargo Advisors in January after it launched an investigation into suspicious activity in a customer account has been barred from the brokerage industry for life… But investors and an attorney representing them allege that Frew, 66, solicited millions of dollars from…

Second Verse, Same as the First

Okay can we be honest for a second? The similarities between now and the pre-crisis era are fucking sickening at this point. There, I said it. Now read this: Charlie Bilello takes a time machine back to May of 2007 – the charts are all you need to see.  (PensionPartners) and this: “The most notable…

Appearance: BookExpo America today at 2pm

If you’re in the New York City area and would like to have your copy of Clash of the Financial Pundits signed by Jeff and I, make your way over to the Jacob Javits Convention Center on West 34th Street this afternoon! We’ll be signing books from 2pm to 3pm and copies will be available at…