"The hardest thing to explain is the glaringly evident which everybody had decided not to see. " - Ayn Rand We should all be so lucky to have an inside peek at a portfolio manager’s playbook. However, I found a way to estimate the trading moves of major funds based on publicly available... (more...)

It is ten past ten, and Mark, the order taker, watches the market with anxious rapture. He has a pending order to push, sell a million shares of some mining stock. As he was trained he examines the bids and offers every five seconds, and in between he watches the stock ticker, which has been sluggish... (more...)