Submitted by Mark Spitznagel, CIO of Universa Investments LP: a white paper

The Austrians and the Swan:

Birds of a Different Feather

On Induction: If it looks like a swan, swims like a swan…

The Montana State Society’s Testicle Festival in Virginia Square was a rousing success this year. Festival-goers consumed 110 pounds of bull and bison testicles, 84 liters of Crown Royal and 1,500 cans of beer this year, according to event organizer and Society president Jed Link. All three were records for the event, now in its eighth…

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Why don’t we talk abstractly about greenshoes for a while, because for some reason some people want to talk about them and hey, why not, they’re a thing. In talking about greenshoes, though, we are not going to use the F-word, because I swore to myself that last week was the end of that. We’re…

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href="http://dealbreaker.com/?attachment_id=76781" rel="attachment wp-att-76781">How do the world’s leading hedge fund managers go about assembling their teams? While some choose the standard head hunter and “pitch me a stock” route with candidates who’ve had at least a few years of business experience and proven track records, others prefer a more outside the box approach. Bridgewater Associates, for instance, has said that instead of going after veterans of Wall Street, it prefers to hire people straight out of college, when their minds are still malleable.

Citigroup (C) is one of the major money-center banks in the world. Like so many big companies, Citigroup certainly is not the company it used to be.

Goldman Sachs Group, Inc. (GS) has reported results for the first quarter of the current fiscal that show net revenues of $9.95 billion and net earnings of $2.11 billion.

King of Bonds, Jeffrey Gundlach spent time with Bloomberg's Tom Keene this week to discuss his view of the markets and the best place for investor's capital. With over $30 billion of assets under management Gundlach's Doubleline Capital is focused on providing strong risk adjusted returns for shareholders. Gundlach is an astute investor and serious investors should heed his advice.

 
Because Banning Propaganda “Ties the Hands of America’s Diplomatic Officials, Military, and Others by Inhibiting Our Ability to Effectively Communicate In a Credible Way”

Michael Hastings reports: