Must- and Shall-Reads: Michael Santoli: “If it takes eight pages, three charts and 25 footnotes to explain why a simple bet is going very wrong, is it effectively a concession of defeat?… The S&P 500 is a particularly ill-suited benchmark for judging the success of hedge funds…. Yet this sophisticated manager of hedge-fund portfolios willingly … Continue reading Things to Read at Lunchtime on February 17, 2015