Fareed Zakaria GPS – CNN 03-22-15

Fareed Zakaria said: The greatest vulnerability for Israel is its legal jurisdiction over 4.5 million Arabs who have neither a state nor a vote – a situation that cannot last in a democratic society. The Stockholm IPRI says Israel’s defense budget is larger than that of Egypt, Jordan, Syria and Lebanon

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More Evidence Hedge Funds Are an Expensive Way to Trail the S&P 500 – Bloomberg Businessweek 05-24-13

Salient to Investors: Hedge funds continue to be an overpriced, middling asset class. Goldman Sachs found that hedge funds returned an average of 5 percent in 2013 versus a 15 percent gain in the S&P 500, while only 5 percent of the funds beat the S&P and more than 1

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