Worth Reading

I commend some recent articles to your attention.

• The Value Perspective on compound interest.
• John Kay on the utility of checklists.
• I’m a little late to this, but video of Michael Burry’s UCLA commencement speech is here.
• Michael Kitces: What Makes Something An Alternative Asset Class, Anyway? (from JFP).
• The “golden rule” of investing from Portfolioist.
• A hedge fund trio: another bad year (Covestor); Canadian hedge funds actually hedge (All About Alpha); and an industry in trouble (FT).
• Meb Faber on PE10 globally.
• Bruce Bartlett prefers none of the above.
• Barry Ritholtz on the state of the middle class.
• My own Alternative Asset Replication in Traditional Vehicles: How Authentic Can It Be? (JFP)