Jim Simons of Renaissance Technologies is not as famous as other hedge fund managers like George Soros, Julian Robertson, or Paul Tudor Jones. But Simons is revered on Wall Street for delivering average annual returns of 38% since 1982 (after fees).
Daily Archives: June 5, 2008
CBS ‘a Great Buy’ After ‘Very Smart’ CNET Deal, says James Altucher
The announcements yesterday of Yahoo’s content deal with CBS and a display ad agreement for Wal-Mart’s website were understandably overshadowed by the
Secrets of the Oracle: Warren Buffett ‘Goes Right Where the Agony Is’
For Warren Buffett, “be fearful when others are greedy and greedy when others are fearful” isn’t just an empty slogan — at least not judging by his most recent disclosures.In the first quarter, during the midst of the credit crunch, Buffett add
Lehman vs. Einhorn: Great Theater, but Seek Opportunities Elsewhere
It has been an extraordinary week for Lehman Brothers, whose shares were bouncing for a second day Thursday after sliding nearly 17% on Monday and Tuesday this week.Earlier today, short-seller David Einhorn of Greenlight Capital was back on CNBC to (re)st
Why Web 2.0 Angel Investors Aren’t Helicopter Moms Anymore
Jeff Clavier, founder and managing partner at SoftTech VC, has a message for all the start-ups out there, shopping for funding. He may support you – but don’t expect a babysitter anymore. It’s yet another piece in the shifting venture capital
How to Profit from Icahn’s Activism: Buy When He Buys, Sell When He Yells
The war of words between Carl Icahn and Yahoo’s board ratcheted up yesterday. After Icahn called Yahoo “deceitful” and said it tried to “sabotage” the Microsoft bid, Yahoo president
Why Apple’s iPhone Apps Platform Could Spark Huge iPhone Sales
From Silicon Alley Insider, June 5, 2008:Next Monday, Apple (AAPL) chief Steve Jobs is expected to show off the long-awaited, second-edition iPhone. …
The Dirt: the Web’s Obama-Fever and Verizon
We’ve got the day’s wrap and a look ahead for you in today’s Dirt. Our topics include Web 2.0 and Barack Obama’s match made in heaven and rumors of a $27 billion Verizon-Alltell deal. Also, save the date Apple fans! The Worldwide Developer Forum is next w
Yahoo’s Decker Defends Employee Retention Plan on CNBC
In a sharply worded letter, Carl Ichan called on Yahoo to rescind its controversial employee retention package that could cost a potential Yahoo acquirer billions. But this afternoon, Yahoo President Sue Decker defending the plan to