Extra Credit, Wednesday Edition

Just think, the fees you could charge Buffett: "Over a sufficiently long time horizon, your investment manager will become richer than you".

Will It Work This Time? "By my count, this is the ninth time since August that the Fed has done something aimed at helping out as credit got scarcer."

Paulson & Co hedge funds surge on trading gains

Forecasting the Path of China’s CO2 Emission: "The worst news about the human future I have learned in months".

More Insiders, More Insider Trading: Evidence from Private Equity Buyouts: "The fact that there is insider trading has certainly received media attention2 but our research shows that it is really the number of insiders that matters."

Is Virtue What We Buy or What We Sell? "If we judge politicians by what they buy, then Eliot Spitzer has clearly violated the public’s trust: he purchased the services of a high-priced prostitute, and may well end his political career as a result. But what if we judge politicians by what they sell? On this score, Spitzer may be one of the few politicians who has not prostituted himself to special interests."

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