Rockett Trails

I found some interesting links, which will be a nice break from my usual tirade...


The Harvard Business School has an interview with Josh Lerner regarding the private equity boom. Click here for the podcast. Seems like an ominous term to use; in word association exercises, I associate "boom" with "bust" 100% of the time (although it doesn't apply as well vice versa).

The McKinsey Quarterly website has a few articles I found interesting. Find them here and here. (Requires registration to see full articles.)

DealBook had a short article on how the SEC (the Securities and Exchange Commission in the US) plans to curb the hedge fund industry, by making it more difficult to qualify as a "wealthy investor", by moving the minimum net worth from $1M to $2.5M. Only investors (which includes companies, partnerships and trusts) with a minimum $2.5M net worth can invest in hedge funds. My guess is that this will have very little effect. Even people who are nowhere near that level of wealth are already exposed to hedge funds... through their superannuation/pension funds.

Another DealBook article gives hope to that hardworking lot, the investment bankers, of finding true love in between spreadsheets and tender documents.

Finally, this is one of the best videos of 2006, so I'm putting it here. Watch this first... then watch this and this.