First, some fun facts regarding the Pareto distribution: Business: the top few customers account for a bulk of the profits Insurance: a small number of big claims account for a bulk of payments Settlement: a small number of cities include a bulk of the population Languages: the most frequent words account for most words in [Read More]
World Out Of Whack: Electricity YAY!
The news of fossil fuelled cars being banned by 2040 has tree-hugging beardies everywhere rejoicing because they will, once and for all, get rid of all those ghastly baby-seal-murdering bastard oil and gas executives. But did anyone stop to think what actually powers Electric Vehicles? Hint: it’s not unicorns and rainbows. We look at this absurd situation from the point of view of an investor. [Read more]
Letters from a Hedge Fund Manager – Part IV
In today’s penultimate piece on shale oil (you can catch up on the previous letters here: Part I, Part II, and Part III), Harris talks about the role of central bankers of the world in the current energy bloodbath. Enjoy! [hr] Date: 20 January 2015 Subject: There Will Be Blood – Part IV Modern central bankers are [Read More]
Letters From a Hedge Fund Manager – Part III
Earlier last week we introduced you to the first part of a missive on shale oil by my friend Harris Kupperman. We followed that up with Part II where Harris dug deeper into some of the numbers in this sector – numbers which should be enough to bring terror into the hearts of even the most [Read More]
Letters From a Hedge Fund Manager – Part I
Humans are hardwired to take things to extremes. Take junk food, for example; here is something that could be a nice treat every once in a while, and we go and scoff so much of it that we’ve turned diabetes into a national sport. And then we have shampoo. I was asked to do some [Read More]
