More boring stuff from the Net :|

• Hedge Fund Manager: Goodbye and F—- You - News Blog - Daily Brief - Portfolio.com
  Andrew Lahde, manager of a small California hedge fund, Lahde Capital, burst into the spotlight last year after his one-year-old fund returned 866 percent betting against the subprime collapse.

  Last month, he did the unthinkable — he shut things down, claiming dealing with his bank counterparties had become too risky. Today, Lahde passed along his "goodbye" letter, a rollicking missive on everything from greed to economic philosophy. Enjoy.

  (tags: markets)
• STRATEGIES; Diversify! Diversify! Well, Not So Fast - New York Times
  Over the 16 years studied, the funds with the highest divergence index readings — those with the least diversification — produced the greatest average returns. By contrast, the most diversified funds lagged behind the market. The researchers found that the 10 percent of funds that were least diversified performed 1.9 percent a year better than the 10 percent that best represented the broad stock market. This result persisted even after adjusting the performances of the least-diversified funds for any greater risk they might have incurred.
  (tags: markets)
• Mad Science: BioBeer Fights Cancer and Gets You Drunk, Not Necessarily In That Order
  "A team of students from Houston's Rice University are a virtual lock for a Nobel Prize with their latest research. They've bioengineered a beer that has anticancer properties. Each sip of their new brew contains resveratrol, the chemical found in wine and believed to be responsible for reduced cancer rates in lab tests. How long before you can find Resveratrol IPA on store shelves?"

  go BioBeer!!!

  (tags: beer)