Book review: Ted Seides’ So You Want to Start a Hedge Fund: Lessons for Managers and Allocators is a good investment for aspiring hedge fund managers. (Reading the Markets)

Quote of the Day

"The exact future we end up in may make diversification a total drag or a total benefit. Diversification is important precisely because we do not know what the future holds. "

(Justin Sibears)

Chart of the Day

The ultimate periodic table of asset class/strategy returns.