Why Hedge?
The news last Monday was a shock — the Calpers California earthquake. For a variety of reasons, the California Public...
Harvard Should Copy Calpers, Not Yale
Harvard Should Copy Calpers, Not Yale Harvard’s endowment fund can learn something from Calpers decision to exit investments in...
Our Bifurcated Recovery
Getting Ahead in This Recovery This is a two-speed recovery, with those who have financial assets doing well, while those without fall...
Lefsetz: Digital Presence
1. DIGITAL HOME A. Wikipedia Your goal is to be big enough to have a Wikipedia page. It’s the first place newbies go to learn about...
Lefsetz: Facts
1. You don’t need to be good-looking to make it in music. The MTV era is over, kaput, history. Now it’s about the track. Who...
Welcome to the Muppet Economy
Slipping back into my regular routine is sometimes a challenge after a few days of traveling. The first day back in the markets —...
Confessions of an Inflation Truther
The Inflation Truther Crank Index Quirks in the model for measuring inflation lead critics of President Barack Obama to mistakenly think...
Lefsetz: The Tiers
STADIUM ACTS Are not bitching about what everybody else is. Money is not their issue. Everybody wants to be in business with them. The...
A Matter of Time (and Distance)
@TBPInvictus here: “Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you...
Lefsetz’ Scorecard
MAJOR LABELS More powerful than at any time since Napster. Case in point, Sam Smith. One has to credit Capitol with a phenomenal...