afghan tea house

washingtonpost.com

  • Alphas in Their Bunkers
    The hedge fund industry coined a term several years ago for the idea that special people (i.e., hedge fund managers) could achieve above-average returns without taking commensurate risk. They called this investment nirvana "alpha," to distinguish it from the "beta" of average market returns available to ordinary investors who tracked, say, the S&P 500.
  • Tea With the