A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that should truly challenge the extant VCs right? Well, yes and no. You see, the tokenized thingy is cool and all, but it really doesn't take full advantage of the technology at hand. After all, 2.5% & 25% is a pretty steep fee. Veritaseum, in anticipation of its upcoming ICO (online road show and executive summary ), is prepping to launch what we call an ICODAO, and Distributed Autonomous Organization that collects Initial Coin Offerings. We are attempting to make this nearly completely autonomous, tested (don't think "TheDAO" debacle, and considerably cheaper than hedge funds that you see these days. Now, the ICODAO is not a hedge fund, or a fund of any kind. It's sort of an autonomous software entity, that uses our software token, "Veritas" to allow other entities and individuals to gain access to its accumulated exposures and services. Those services are basically the sniffing our and collecting the best of the best ICOs and token offerings available, and the exposures are the natural result of the collection and holding of said ICOs. A world class research team will supply the analytical chops (click here if you don't know, the same team that predicted Bear Stearns, Lehman, CRE and housing crash, Google, EU sovereign debt crisis, etc.). Back to that in a minute, let's look at what's happening in the world off(block)chain. 

Bloomberg reports "Yale Endowment Blasts Low-Fee Critics, Says Gains Would Lag", as excerpted:

 Yale University, one of the most-watched and best-performing college endowments, defended the fees it pays to external managers, saying in an annual investment report that a low-cost passive strategy would have “shortchanged’’ the Ivy League school’s students and faculty.

Published in BoomBustBlog
Sunday, 31 January 2010 18:00

The Volcker Rule Has Merit

Volcker is correct in that banks conflicts of interests need to be stemmed. One would not have to worry about over regulation if one does not attempt to regulate every single act or attempt to guess what might go wrong. What needs to be done is to use regulation to disincentivize banks from engaging in activities that engender systemic risks and/or harm clients. By putting everybody on the same side of the table, you don't have to worry about outsmarting the private sector. 

 From CNBC:
Sunday, 31 January 2010 18:00

The Volcker Rule Has Merit

Volcker is correct in that banks conflicts of interests need to be stemmed. One would not have to worry about over regulation if one does not attempt to regulate every single act or attempt to guess what might go wrong. What needs to be done is to use regulation to disincentivize banks from engaging in activities that engender systemic risks and/or harm clients. By putting everybody on the same side of the table, you don't have to worry about outsmarting the private sector. 

 From CNBC:
Thursday, 08 January 2009 18:00

BoomBustBlog Research Performance for 2008

 

 We have made a downloadable sample of our research available without registration. Simply click this zip file: zipResearch_Samples 11/17/2008, to download to your local machine and open to reveal the research reports in PDF format. Click here for Adobe Acrobat Reader version 9.0 or higher, which may be needed to view the files. Click here to subscribe to my research. To learn more about my proprietary investment style, see "The Great Global Macro Experiment, Revisited". 

If you are a member of the media, see our Press Room

A week and change into the new year and I finally get around to tabulating the performance results for 2008. They were quite impressive, until December, when the market rally forced me to disgorge a significant amount of my unhedged profits. I made a conscious decision not to take full profits in late November when I knew the market was going to go into its oversold/overbought momentum game. Alas, I did not take profits and my proprietary numbers took a hit. The bright side to this is that both my blog's static research model (+106.3%) and my proprietary results (+335%) are the best that I know of. 

Barry Ritholz's Fusion Analytics posted positive results for the year (between 8% and 20%, depending on your perspective), which is damn good compared to most other services. It's not nearly as good as the BoomBust, but hey, I am the one of the cutest investors around - it's hard to competeTongue out. For those interested in his work or the difference between his service and mine, see his research site and blog. I don't know him personally, but he is often on CNBC, and is one of the most grounded pundits that they have. I have received permission to release his results and have made them available for download here: pdf fusion_analytics_recommendations_2008 09/01/2009,11:49 67.60 Kb.

Now, let's walk through my results for the year in detail. I'll start by comparing my results to that of the big name brands, just to illustrate where the real performance is to be found. For those in the press and the mainstream media (MSM), take note of this - you guys are interviewing the wrong people! As you peruse this year end report, be sure to conceptualize what would happen if all of the talking heads on TV were to have their performance results streamed across the bottom of the screen as they spoke! Below is what I believe to be the most comprehensive year end performance report of any blog or publicly available investment site, not to mention one of the most impressive.

BoomBustBlog vs Wall Street Brokers

  I had my team choose the most prominent brokers, bankers and sell side research houses to compare with my results, and the final verdict for all of 2008 is...

Thursday, 08 January 2009 18:00

BoomBustBlog Research Performance for 2008

 

 We have made a downloadable sample of our research available without registration. Simply click this zip file: zipResearch_Samples 11/17/2008, to download to your local machine and open to reveal the research reports in PDF format. Click here for Adobe Acrobat Reader version 9.0 or higher, which may be needed to view the files. Click here to subscribe to my research. To learn more about my proprietary investment style, see "The Great Global Macro Experiment, Revisited". 

If you are a member of the media, see our Press Room

A week and change into the new year and I finally get around to tabulating the performance results for 2008. They were quite impressive, until December, when the market rally forced me to disgorge a significant amount of my unhedged profits. I made a conscious decision not to take full profits in late November when I knew the market was going to go into its oversold/overbought momentum game. Alas, I did not take profits and my proprietary numbers took a hit. The bright side to this is that both my blog's static research model (+106.3%) and my proprietary results (+335%) are the best that I know of. 

Barry Ritholz's Fusion Analytics posted positive results for the year (between 8% and 20%, depending on your perspective), which is damn good compared to most other services. It's not nearly as good as the BoomBust, but hey, I am the one of the cutest investors around - it's hard to competeTongue out. For those interested in his work or the difference between his service and mine, see his research site and blog. I don't know him personally, but he is often on CNBC, and is one of the most grounded pundits that they have. I have received permission to release his results and have made them available for download here: pdf fusion_analytics_recommendations_2008 09/01/2009,11:49 67.60 Kb.

Now, let's walk through my results for the year in detail. I'll start by comparing my results to that of the big name brands, just to illustrate where the real performance is to be found. For those in the press and the mainstream media (MSM), take note of this - you guys are interviewing the wrong people! As you peruse this year end report, be sure to conceptualize what would happen if all of the talking heads on TV were to have their performance results streamed across the bottom of the screen as they spoke! Below is what I believe to be the most comprehensive year end performance report of any blog or publicly available investment site, not to mention one of the most impressive.

BoomBustBlog vs Wall Street Brokers

  I had my team choose the most prominent brokers, bankers and sell side research houses to compare with my results, and the final verdict for all of 2008 is...

Page 1 of 2