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Month: November 2015

The Black Swan comes to MMA ?>

The Black Swan comes to MMA

In case you’re hiding under a rock, you missed an amazing MMA fight last night between Holly Holm and Ronda Rousey—unless of course you’re one of the Vegas bookies, in which case things didn’t turn out pretty at all, according to news reports.

The Sad Story of Sequoia Fund ?>

The Sad Story of Sequoia Fund

To be clear, I’m not gloating with this article. Sequoia prior to recent events was a storied mutual fund with a solid track record. It is, however, now a case study in when risk management goes wrong, and when a 30% position blows up.