Joe Klein Is Shrill!
Tyler Cowen--No, It's Alex Tabarrok--on Foul Weather Austrians

Attempted DeLong Smackdown Watch

Hoisted from Comments: Daniel Davies writes:

Daniel Davies: Brad mate, a 1992 article about the structure of the money management industry is pretty dangerously out of date...

How so? People are still confusing two thing with having alpha:

  • being overleveraged
  • holding portfolios that are massively short implicit out-of-the-money puts

There is indeed little new under the sun...