Monday, October 28, 2013

What is a Hedge Fund? Pt. I

When a friend recently asked me this question, I realized the answer was complicated! In a way, hedge funds are similar to mutual funds – baskets of securities (stocks, bonds, cash) managed by professionals – but there the comparison faltered. A hedge fund is an alternative investment (to stocks and bonds) that can utilize a broad range of strategies and financial tools to reach its objectives. Hedge funds have greater latitude (than mutual funds) to invest in any and all markets across the globe.

What does this really mean, you may wonder. Here is a sample of self-descriptive language from a hedge fund website:

Wednesday, October 2, 2013

Pappa al Pomodoro

Photos Courtesy of Jeff's iPhone...haha!
I first had this dish in Italy in 1985. I must say it is well…rather pedestrian. It isn’t much to look at and is best described as a ‘mush.’ But, at this time of year when tomatoes are plentiful and ripe, it is a wonderful dish! It is so satisfying because it seems to capture the essence of the season. The ingredient list is short and it doesn’t take long to make (about an hour.) It is great as a starter course or a light lunch with a salad. We’re getting to the end of tomato season. Make this before the rain starts!