Prieur’s readings (October 21, 2009)
Source: http://www.investmentpostcards.com/2009/10/21/prieur%e2%80%99s-readings-october-21-2009/Posted on Wednesday, October 21st, 2009 | In Hedge Funds, Investing Lessons, Market Commentary
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy.
• Doug Kass (TheStreet.com): A force in motion, October 20, 2009.
Arguably, the market has begun to decouple from fundamentals; instead, liquidity has overcome almost any other influence as every little setback has been countered with an avalanche of buying. It has fed upon itself, and it has contained corrections as many money managers play catch-up and chase strength.
• Dan Holland (RealClearMarkets): An interview with Jason Trennert, Ocober 20, 2009.
Jason Trennert is the chief investment strategist at Strategas Research Partners, a Manhattan-based advisor to institutional investors, which he co-founded three years ago. Institutional Investor magazine has consistently ranked Trennert one of the top strategists on Wall Street.
• Martin Wolf (Financial Times): How to manage the gigantic financial cuckoo in our nest, October 20, 2009.
This recovery has been no accident. When central bank money is almost free, prices of risky assets are recovering, competitors have disappeared or are weakened, and making money is a relatively simple matter for the strong survivors.
• Brian Wesbury & Robert Stein (Forbes): Rational exhuberance, October 20, 2009.
Very early this year, when the consensus was predicting a 1% real economic growth rate for the third quarter, we were forecasting 3%. Now the consensus is up to 3%, and we are at 4%. Meanwhile, our forecast for the fourth quarter has jumped to a super-charged 5.5%.
• Daniel Yergin (Financial Times): A crisis in search of a narrative, October 20, 2009.
Will the Great Recession be followed by the New Caution, changing saving and spending habits, and lowering future growth? Will prudence loom larger in financial markets?
• Charlie Gasparino (The Daily Beast): What Obama should tell Wall Street, October 20, 2009.
Neil Weinberg (Forbes): How dirty are hedge funds?, October 20, 2009.
• How dirty is the hedge fund business? Filthy would be a fair assessment. Not that this should come as a surprise to Forbes readers. After all, a 2004 cover story, titled “The Sleaziest Show On Earth“, profiled the industry’s many transgressions – from bogus performance figures and nonexistent audits to outrageous fees and outright theft.
Last 5 posts by Prieur du Plessis
- Gold bullion – overdue for a pullback? - November 25th, 2009
- South Africa ends recession - November 25th, 2009
- Did the SARB make the right call? - November 25th, 2009
- Ritholtz: “Buy and hold” is a disaster - November 25th, 2009
- Prieur’s readings (November 25, 2009) - November 25th, 2009
advisor to institutional investors, Brian Wesbury;, central bank money, Charlie Gasparino, Chief investment strategist, Daniel Yergin;, Doug Kass, Financial Times, Hedge Funds, Investing Lessons, investment postcards, Jason Trennert, Manhattan, Market Commentary, martin wolf, Neil Weinberg (Forbes), Robert Stein (Forbes), Strategas Research Partners, wall street
 About Prieur du Plessis (http://www.investmentpostcards.com)
Prieur du Plessis has 25 years’ experience in professional investment research and portfolio management. More than 1,000 of his articles on investment-related topics have been published in various regular newspaper, journal and Internet columns. He has also published a book, Financial Basics: Investment. Prieur is chief executive and principal shareholder of South African-based Plexus Asset Management, which he founded in 1995. The group conducts investment management, investment consulting, private equity and real estate activities in South Africa and other African countries. Plexus is the South African partner of John Mauldin, author of the Thoughts from the Frontline e-letter, and also has an exclusive licensing agreement with California-based Research Affiliates for managing and distributing its enhanced Fundamental IndexTM methodology in the Pan-African area. Prieur is 52 years old and lives with his wife, television producer and presenter Isabel Verwey, and two children in Cape Town, South Africa. His recreational activities include long-distance running, motor cycling, traveling and reading. |
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