“Don’t tax you, don’t tax me, tax that fellow behind the tree!” — Senator Russell B. Long “No one should see how laws or sausages are made. To retain respect for sausages and laws, one must not watch them in the
The team of six, three men and three women, pretended not to know each other and made their way to the baccarat tables at the Dunes casino in Las Vegas. It was the spring of 1963 and Las Vegas was
As we approach the end of the year, many professional investors are focusing their attention on performance metrics that will determine part of their annual compensation. Hedge funds have typically aimed to operate on a “two and twenty” fee structure
“The performance of investors who add value is asymmetrical. The percentage of the market’s gain they capture is higher than the percentage of loss they suffer …. Only skill can be counted on to add more in propitious environments than
There can be many situations that would lead an intelligent investor to sell a highly appreciated investment. Read this article for some of the reasons and potential pitfalls to avoid in the process.