Barry Ritholtz, one of my favorite financial bloggers, left a comment to my most recent post on Alan Greenspan. After declaring Paul Volcker the hero of the modern Fed story, he wrote: Greenspan was like the long middle reliever in a baseball game. He took a big lead and ultimately gave alot of it away. [...]
Cliff Asness of AQR Capital Management, one of the hedge funds briefly caught in the Great Quant Meltdown of August 2007, has been sending around a “working paper” that attempts to explain what the heck happened. As with everything Cliff writes, it’s more entertaining than an explanation of quantitative investing has any right to be. [...]
I’ve got a new column up online and in the new issue of Time with a shrinking iceberg on the cover (and a cool story by Jamie Graff about the battle for the Arctic inside). It begins: He has been out of office for more than a year and a half now–and has spent, by [...]
