Daily Chatter (12-4-2008)

• Insidious MBAs

• Price Momentum Worked, Even in The Victorian Age

• Securities Lending Is Starting To Dry Up

• Hedgies in trouble:
  

  • Fortress
  
  
  • Carlyle
  
  
  • D.E. Shaw
  
  
  • Thomas H. Lee
  
  

• The Gulf is also taking it on the chin

• One year oil contango biggest in 25 years

• China hints to buy more base metals

• Harvard Endowment loses 22%

“If there is anything the nonconformist hates worse than a conformist, it’s another nonconformist who doesn’t conform to the prevailing standard of nonconformity.” - Bil Vaughan