Think mutual fund managers are always stinking rich and "enjoy" life to the fullest? Maybe it takes a closer look. It does appear a very glamorous job with a lot of perks, contacts and moolah, but it might not be a very enjoyable position if you are managing millions and markets are at their deceptive best.
Check out this article from WSJ comparing two mutual fund managers, one of them being under "strain" and adding running, basketball and swimming to his routine partly to relieve stress, on top of the fishing and golf he long has favored.
Seems like a tough way to make a living.
Friday, June 16, 2006
Monday, June 12, 2006
Dollar and Macroeconomics - Part I
Is the dollar heading for a fall in the future? Depend on whom you talk to. Even economic gurus never always get it right, the legendary Keynes himself got almost wiped out in the crash of 1929. More recently, LTCM with its array of Nobel prize winning economists made some wrong bets leading to the global crash in 1998. Their idea of converging government bonds was essentially correct, but what they didn't realize was what Keynes had said earlier: "although markets do tend toward rational positions in the long run, "the market can stay irrational longer than you can stay solvent."
Well whatever.
Warrent Buffett and William H. Gross, managing director of PIMCO are betting against the dollar.
Niall Ferguson, has some interesting analysis where he talks about china financing the twin American deficits on its budget and current account.
Jim Jubak of MSNBC fame talks about how speculative excesses had built up due to low interest rates (cheap money) the world over and how the rising bond prices point to a slowing economy.
On the contrary, a motley collection of foreign observers point out the optimistic side for the US economy here.
All this is good reading not just from a personal investment perspective, but from a globalization perspective as well. Its really exciting how the world is coming together due to vastly improved technology and fiscal infrastructure.
More about this and maybe also about the housing bubble in the coming posts.
Well whatever.
Warrent Buffett and William H. Gross, managing director of PIMCO are betting against the dollar.
Niall Ferguson, has some interesting analysis where he talks about china financing the twin American deficits on its budget and current account.
Jim Jubak of MSNBC fame talks about how speculative excesses had built up due to low interest rates (cheap money) the world over and how the rising bond prices point to a slowing economy.
On the contrary, a motley collection of foreign observers point out the optimistic side for the US economy here.
All this is good reading not just from a personal investment perspective, but from a globalization perspective as well. Its really exciting how the world is coming together due to vastly improved technology and fiscal infrastructure.
More about this and maybe also about the housing bubble in the coming posts.
Tuesday, June 06, 2006
Lessons from the Ostrich.
The ostrich thinks it can duck disagreeable situations by burying its head in the sand. Borrowing from the wise bird (dont luagh, afterall all those yoga poses are derived from animals!), I sometimes close my eyes on roller coasters hoping that my downward decent into hell will cease to exist that way (hush! its just between you and me!). I am now using this "technique" with the stock market so that I dont have to watch my red-painted, gravity-embracing portfolio ... sigh .. sob.
Thursday, June 01, 2006
Why Caps ?
"Case-sensitive" is a term you can not hide from if you do software. Having taken this for granted for 25-26 years of my existence, just wondering today what might have the wise English folks been thinking when they decided to have upper case and lower case? Would'nt the world be simpler with just one case? Like as in Hindi (devnagari to be preicse). Maybe some linguist would know better.
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