No Free Lunch

Fair dues Classic customers' yachts stuff ...
16 February 2012

No Free Lunch

About No Free Lunch

Exposing greed, fraud, malpractice and incompetence in the world of finance

Recent articles

Hedges with few edges

08 February 2012

A bad year caps a bad decade for over-rated hedge funds

'You should never put too much emphasis on a single year, but 2011 was the third year in a row in which the HFRX index underperformed both equities and bonds'
This could be messy

02 February 2012

Have chief executives finally overcome our sense of fairness?

'We do not, thank you very much, need lectures on fairness'
Downtons not downturns

18 January 2012

ITV had a decent 2011 overall, but the broadcaster is going to have to produce genuine profit advancement to see its shares get a re-rating

'An all-new management team is hiring lots of new creatives and they're cranking out new ideas, pilots, and shows at a rate of knots'
The big lie

11 January 2012

Whether ignorant or illusionists, those not admitting to the changing nature of the meaning of the word shareholder are living in a different time

'The word 'shareholder' is an illusion, approximately as meaningful as Derren Brown reciting the London phone directory. Those who deploy it thoughtlessly in this debate are either ignorant, or illusionists.'
Dhir reader...

05 January 2012

Dhir Indian Investments has ripped off its shareholders, but in the most depressingly familiar way

'Yes you are being ripped off. No, it's not fair. But little is, in life or business'

IC columnists

Simon Thompson

Winning stock and trading ideas from the creator of the Bargain Portfolio

The Trader

Technical analysis and market calls from our in-house charting expert

Mr Bearbull

Sound advice on running portfolios from an experienced commentator

Smart Money

Practical advice and tips on planning your financial affairs

Chris Dillow

Incisive economic commentary plus thoughts on investor behaviour

The Editor

Commentary on markets, world affairs and everything to do with investing

Chronic Investor Blog

Our light-hearted take on the world of investing