Archives for October, 2009

What’s all this about “edge?”

The demise of Galleon has stirred up press cov­er­age and much dis­cus­sion over what the hedge fund indus­try often calls “edge.“  The basic idea is to find infor­ma­tion that is not known by any­one else in the stock mar­ket.  Then all one needs to do buy and sell the right stocks and make huge profits […]

It’s not the horse.

It’s still com­mon  to run into pro­fes­sion­als who can’t quite see the value of research.  My con­vic­tion on it is quite deep because it comes from apply­ing it directly to stock mar­ket invest­ments since the late 1980’s.  Yet not a week goes by where we don’t fine very smart, invest­ment savvy peo­ple who find it […]