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10 April 2013

Is a Lotto Ticket an Investment?

By Robert Stammers, CFA
Is a Lotto Ticket an Investment?

Have you ever wondered how much a lottery ticket is worth or how to value the potential winnings that it might provide? Because half of the income received from sales of jackpot games goes directly to the participating states, tickets … Read more

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9 April 2013

Linkfest: KPMG audit partner in insider probe; China, Japan credit weighed; ICAP swap marks eyed

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. KPMG Said … Read more

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8 April 2013

Linkfest: Portugal Recalibrates Austerity; France Gets TBTF Premium; Regulators Cash In; Thatcher Telling St. Peter Not To ‘go wobbly’;

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. France Has … Read more

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4 April 2013

Linkfest: ECB stands by as Eurozone weakens; BoJ goes to ‘shock and awe’; Apple’s apps, HQ problems; Tax haven data leaks

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. ECB: Introductory … Read more

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3 April 2013

Linkfest: Fed, Administration Push to Loosen Credit; Bitcoin Breaks Out; SEC OKs Social Media; Fed’s Next Chair

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. How the … Read more

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2 April 2013

Investment Strategy: Rethinking Hedge Fund Indices

By Ted Seides, CFA
Ted Seides, CFA

If you were to play word association with individuals in the investment industry using the phrase “hedge fund index,” the instinctive responses would be “survivorship bias” and “backfill bias.” The arguments for flaws in hedge fund indices, popularized by academics, … Read more

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2 April 2013

Linkfest: Schapiro Cashes in at Promontory; 12% Jobless in Eurozone; Dell Counterbids: a $25m Charade?

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. SEC Ex-Chief … Read more

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1 April 2013

Cummins: Catching a Bid ― Should You Chase It?

By Brian Langenberg, CFA
Brian Langenberg, CFA

The shares of Cummins (CMI) have traded 17% higher (12% net) over the past three months, and our institutional clients are starting to ask what we think of the name. Stocks move for different reasons, but the fundamental driver is … Read more

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1 April 2013

Linkfest: BI Disrupts Business News; Gold and Bitcoin; Dark Pools; Sundown in America

By Druce Vertes, CFA

Linkfest.com finds today’s top headlines by following the best ‘curators’ on the Web and on Twitter, and by your votes and social media shares – pick the most important stories you think should appear by voting here. 1. Ken Auletta: … Read more

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29 March 2013

Energy, Markets, And Money: Talking with Daniel Lacalle

By Gustavo Teruel, CFA

Daniel Lacalle works at Ecofin, where he runs a long–short sector-focused hedge fund in London. The hedge fund concentrates on the oil and gas industry, utilities, and infrastructure. Lacalle writes a weekly column for the Spanish digital newspaper El Confidencial … Read more

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All posts are the opinion of the author. As such, it should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute or the author’s employer.

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