On: Debt Market Distortions Go Global as Nothing Makes Sense Anymore

[lintiness]

hedge funds on average underperform big bulls and outperform big bears. sharpe ratios matter. maybe mass fund closures signal something more interesting than that calpers is run by geniuses (hint: they aren't).

[snowwrestler → lintiness]

It will be interesting to see how Warren Buffett's long bet comes out. Just a couple more years:

http://longbets.org/362/

[JamesBarney → lintiness]

I'm really curious in this. Would you mind linking me to some papers that compare hedge funds risk adjusted returns versus the index funds, or the market?