Happy Thanksgiving
Happy Thanksgiving to all the World Beta readers.  Below are some truly spectacular photos from the National Geographic Photography Contest to lead you into the long wknd (I mean, no one works Friday do they?)… Gallery 1 Gallery 2

Book Reviews
I have no problem with negative book reviews, but book reviews where they clearly did not read the book (and still took time to criticize it) drive me nuts. If you read the entire book, go leave a review! (1-5 stars doesn’t matter to me as long as you read it.) The most recent review on Amazon (my bolding, and btw what is a loosing method?): I got my copy from the library. The best part of this book is thinking you will be successful like b

Let’s Talk About Professional Funds
I spend a lot of time talking about our industry (and all the warts and snake-oil that is sold) with the boys at BlackStar Funds.  Below is a summary of a back and forth where we discuss survivor bias, as well as just how rare a Sharpe Ratio of 1 is over long periods of time. In this case, we’re talking about Commodity Trading Advisors (CTAs).  The 25 largest CTA’s with at least 10 years of performance history: Avg CAGR: 13.2% Avg Volatility: 14.9% Avg Max DD: -18.1% Avg Sharpe: 0.66 These number are AFTER the fact, and do not include the results of funds that have disappeared

Lest you think writing a book is a moneymaker
…let a NYTimes bestseller convince you otherwise (HT: Sea): “If I published only one book a year, and it did as well as this one, my net would be only around $2500.00 over the income level considered to be the US poverty threshhold.” —- Don’t have much to post, so I thought I’d give a big shout out to my two favorite data providers that are the best sources for historical data, and quant research respectively – Global Financial Data, and Ned Davis Research! —- The value of all the

Becoming a Tiger Cub
…or you can just head over to the Tiger Cubs clone on AlphaClone.   Gotta love that NC twang (mine came back for about a week when I was home, but gone mostly now). Great videos. PART I PART II