A Mass of Alpha

While there has been a lot happening in the markets, sometimes it is important to drop back and look at larger issues. This week we are going to explore a new way to look at (and perhaps find!) that most mysterious of all the creatures among the flora and fauna of the investment world - the elusive Alpha. This is a think-piece, so settle in for some new ideas. Plus, a Bull's Eye Investing update, as the book hits #10 on the New York Times Business Best-seller list.

The Yield Curve, Briefly Revisited

But first, I would like to re-visit last week's letter on the yield curve. First, I must admit a senior moment. I knew the original research on yield curves had been done by Dr. Campbell Harvey, who is now the Professor of International Business at the Fuqua School of Business of Duke University, and had corresponded on the subject with him. I simply could not find the…