One of the financial blogs I regularly read is Paul Kedrosky's Infectious Greed. He's got a great style, is funny, and frequently points at excellent resources and further reading.
Today I nearly fell off my chair laughing when I came across his use of a tag map to analyze hedge fund apology letters.
You see, he started by reading the letters...
The WSJ has done a nice job of collecting all the supposed apology letters to investors from various quant hedge fund managers concerning their recent crummy performance. Trouble is, a) it's way too much reading, and b) there aren't really any apologies to be found.
Which led to him using MS Word to summarize them. And then he applied a tag cloud.
And now, the top 40 words from the non-apology letters (with, once again, "apologize" and "sorry" again not being among them) in a tag cloud, with bigger and bolder corresponding to usage frequency:
I wish I knew why, but that really tickles my funny bone. Really.
Maybe it's the non-web 2.0 but still geeky way in which he's applying it. Maybe it's because "tag cloud" and "hedge fund" are so far apart in my brain. Or maybe it's just plain amusing.
Either way, well done, Paul. :-)
Posted by jzawodn at August 16, 2007 02:57 PM