A few announcements before my favorite content this month.
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* Special thanks to Canoe Intelligence for sponsoring the podcast. Canoe’s software employs machine learning to help allocators efficiently and accurately get information from managers into their reporting system. The software is simple and elegant, and I’m excited to help them get the word out.
* Podcast guest Mark Baumgartner is looking for an analyst to join his team at the Institute for Advanced Study. It’s a great position with a terrific mentor in Mark. Check it out here..
Reading (Ordered by reading time: tweets first, books last, and blog posts and articles in between)
Patrick O’Shaughnessy asks “Name a product, company, or service that you use that you would pay a lot more for than you do.” Among the responses were podcasts, twitter, Gmail, Google Maps, and water.
Meb Faber asks “For the investment professionals out there. What belief do you hold that the vast majority of your peers do not share?”
5. John Skjervem, CIO of Oregon Investment Council, released his annual presentation to the Board, including a thorough review of Oregon’s massive private equity portfolio. Verdad Capital wrote a summary blog on the report. I particularly enjoyed Skjervem’s rebuttal to those castigating the fees Oregon pays to external managers: “spending millions to get billions seems like a pretty good deal.”