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	<title>Diary of a Hedge Fund Manager</title>
	<link>http://blog.diaryofahedgefundmanager.com</link>
	<description>From the Top, to the Bottom, and Back Again</description>
	<lastBuildDate>Mon, 09 Aug 2010 11:55:22 +0000</lastBuildDate>
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	<item>
		<title>VISIT OUR STOCKTWITS BLOG</title>
		<description><![CDATA[http://www.hedgeyeblog.com
]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=321</link>
			</item>
	<item>
		<title>VISIT WWW.HEDGEYE.COM</title>
		<description><![CDATA[GO TO WWW.HEDGEYE.COM
]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=319</link>
			</item>
	<item>
		<title>EARLY LOOK: Try Again</title>
		<description><![CDATA[“I make many changes, and reject and try again, until I am satisfied.”
-Beethoven
Managing risk in these globally interconnected times isn’t easy. That’s why we do it. You have to have your feet on the floor early every morning. You have to acknowledge new price data for what it is. You have to consume it, synthesize [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=318</link>
			</item>
	<item>
		<title>EARLY LOOK: The Keynesian Elixir</title>
		<description><![CDATA[“The lesson is clear: when we celebrate a great achievement, we are not just celebrating hard work, but also a competitive process where some have won and others have lost.”
-David Shenk
I was reading David Shenk’s new book ‘The Genius In All Of Us’ on Friday and couldn’t stop smiling. Finally, the Perceived Wisdoms associated with [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=317</link>
			</item>
	<item>
		<title>EARLY LOOK: Catching the Contagion</title>
		<description><![CDATA[“Prediction is very difficult, especially when it is about the future.”
-Niels Bohr
Keith has taken his young lad, wife, and daughter up to his ancestral home of Thunder Bay, Ontario, so I’ve been handed the baton on the Early Look.  In a similar spirit, I thought I’d quote someone from the land of my ancestors, [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=314</link>
			</item>
	<item>
		<title>EARLY LOOK: Agonizing Math</title>
		<description><![CDATA[“He who will not economize will have to agonize.”
-Confucius 
Yesterday was a great day for risk management. I don’t say that because most markets were down. I say that because markets actually did what the math said they should. In other words, from Spanish equities to US volatility, the macro moves were proactively predictable. Markets [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=313</link>
			</item>
	<item>
		<title>EARLY LOOK: Inflation&#8217;s V-Bottom</title>
		<description><![CDATA[&#8220;The prospects for significant inflation have increased, not only here, but around the world.&#8221;
-Warren Buffett
One of our core Macro Themes for Q2 of 2010 is “Inflation’s V-Bottom.” Unlike most of Ben Bernanke and Timmy Geithner’s analytical liabilities, inflation in this interconnected world of prices is marked-to-marked, real-time.
Now Timmy has recently admitted that he is “not [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=310</link>
			</item>
	<item>
		<title>EARLY LOOK: Crackberry Minutes</title>
		<description><![CDATA[“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you&#8217;ll do things differently.”
-Warren Buffett
Whether it’s Greece, Goldman, or British Petroleum this morning, it’s all one and the same thing. I agree with Mr. Buffett &#8211; reputational risk remains something you cannot control in a Crackberry [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=309</link>
			</item>
	<item>
		<title>EARLY LOOK: Good Guys</title>
		<description><![CDATA[“Associate with men of good quality if you esteem your own reputation; for it is better to be alone than in bad company.”
-George Washington
Are you a good or a bad guy? It’s a question that all guys know the answer to, but no guy gets to answer for himself. Unfortunately, in the culture of ‘how [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=307</link>
			</item>
	<item>
		<title>EARLY LOOK: Grinding Lemmings</title>
		<description><![CDATA[“I am turned into a sort of machine for observing facts and grinding out conclusions.”
-Charles Darwin
It’s only fitting that after the weekly Institutional Investor “bearish” survey dropped to its lowest level since 1987 (only 17% of investors admitted to being bearish in the week of April 19th) that the US stock market got clocked. If [...]]]></description>
		<link>http://blog.diaryofahedgefundmanager.com/?p=306</link>
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