Not only did hedge funds as a class underperform the S&P 500 by fully 10% through May 10, but only a small sliver of funds managed to outperform it.
Jeffrey Gundlach: I'd short Chipotle at $380 and avoid everything Apple
"I've been all dollar, all the time."
31 year old Warren Buffett is just like 83 year old Warren Buffett
A University of Nebraska at Omaha documentary team discovered this film clip of a young Warren Buffett in the Nebraska State Historical Society archives just a few weeks ago.
Seth Klarman: Investing is first and foremost an art, not a science
"The ability to distill two or three major themes out of an investment and get right to the heart of the matter."
"The mother of all bubbles" is fixed income securities today - Robert Sanborn
"The least unattractive asset class to me is stocks."
iPhones are insanely expensive in Russia, cheapest in the U.S.
An iPhone 5 will run you no less than $3,754 in Moscow.
Estimize's Leigh Drogen: "We're now more accurate than Wall Street 2/3 of the time"
The next stage is adding an intelligence layer to Estimize's growing data set.
The Moody's of baseball cards?
When independent ratings agencies are captive to their clients.
Microsoft isn't the disaster everyone thinks
Microsoft still makes $17 billion in annual profits, way higher than anybody in technology industry other than Apple.
The most important difference between Facebook and Google
It's about breaking things.