by admin | May 4, 2010 | Investment Performance Guy, News
A client called yesterday asking about annualizing yield to maturity (YTM). Can this be done and if so, how? One should recall that the Yield to Maturity of a bond is calculated by using the internal rate of return, thus YTM = IRR. IRR is often expressed across a...
by admin | Apr 21, 2010 | Investment Performance Guy, News
Please allow me to vent a bit more regarding the SEC / Goldman Sachs news. In an editorial in yesterday’s Wall Street Journal we learned that last Friday, when the SEC announced its lawsuit alleging fraud by Goldman Sachs, they announced the publication of an...
by admin | Apr 19, 2010 | Investment Performance Guy, News
Not surprisingly, the SEC attack on Goldman Sachs got the most coverage of all stories in today’s Wall Street Journal. In “Vital Legal Concept Key to Case” we learn how materiality plays a vital role in the government’s case [recall how...
by admin | Apr 17, 2010 | Investment Performance Guy, News
I, like many others, was surprised by the revelation that Goldman Sachs has been charged with defrauding investors. While my research into this is somewhat limited at this time, I couldn’t help but be struck by a statement in today’s Wall Street Journal...
by admin | Apr 8, 2010 | Investment Performance Guy, News
The start of the baseball season never disappoints in providing metaphorical examples to use relative to performance measurement. Watching ESPN this morning an announcer commented on St. Louis Cardinals’ Albert Pujols’ early season home run success,...
by admin | Apr 6, 2010 | Investment Performance Guy, News
I just finished listening to Gregory Zuckerman’s The Greatest Trade Ever and highly recommend it if you’d like some insights into how John Paulson managed to make several billion dollars in a difficult market. Much of the profit came from the rather...
