Who would it thunk it could have got any worse It looks more an more like Paulson fluked his GFC trade. The thing that surprises me is that these firms employ squillions of bright people and not one of them seems to understand the most basic concept of not chasing losses and actually listening to…

From Bloomberg Of course, the most visible big loser this year is John Paulson. For example, through September 27, Paulson Advantage Fund was down 6 percent for the month and more than 28 percent for the year, while Paulson Advantage Plus, which takes on additional leverage, is presumably down even more. Paulson International Fund was…

From Bloomberg Of course, the most visible big loser this year is John Paulson. For example, through September 27, Paulson Advantage Fund was down 6 percent for the month and more than 28 percent for the year, while Paulson Advantage Plus, which takes on additional leverage, is presumably down even more. Paulson International Fund was…

From the Village Voice Oct. 7 2011

Just back from a visit to the latest trading expo and I have some observations not necessarily in any order of importance. 1. Scrubbers are in – content is out. There were no shortage of stands for people I had never heard of whose main way of attracting attention was to have tarts with big…

Whilst it does not qualify for email of the week status an email received last week at blog central does provide an interesting talking point. The gist of the email was that this individual had $40,000 to trade, was risking $600 per trade in the hope of making $250. So I am risking $600 to…

Whilst it does not qualify for email of the week status an email received last week at blog central does provide an interesting talking point. The gist of the email was that this individual had $40,000 to trade, was risking $600 per trade in the hope of making $250. So I am risking $600 to…

Just back from a visit to the latest trading expo and I have some observations not necessarily in any order of importance. 1. Scrubbers are in – content is out. There were no shortage of stands for people I had never heard of whose main way of attracting attention was to have tarts with big…

From the Village Voice Oct. 7 2011

This is the Russell 2000 which on Wednesday gained over 4% in 20 minutes. I haven’t really heard an explanation for this other than it might have been a short squeeze. Although the spectre of HFT has raised its head. What this also demonstrates is the asymmetry of common sense possessed by regulators. It is…

….of Apple and the cult that grew up around it. To me computers are tools to get a job done – they are only a fashion statement for the sad. However, there is no denying the impact of Steve Jobs upon the popular psyche and his remarkable business acumen. In the outpouring of grief surrounding…

Interview with David Harding of Winton Capital.

Interview with David Harding of Winton Capital.

….of Apple and the cult that grew up around it. To me computers are tools to get a job done – they are only a fashion statement for the sad. However, there is no denying the impact of Steve Jobs upon the popular psyche and his remarkable business acumen. In the outpouring of grief surrounding…

This is the Russell 2000 which on Wednesday gained over 4% in 20 minutes.         I haven’t really heard an explanation for this other than it might have been a short squeeze. Although the spectre of HFT has raised its head. What this also demonstrates is the asymmetry of common sense possessed…