Darwin Awards
As Mark Twain said – The trouble ain’t that there is too many fools, but that the lightning ain’t distributed right.”
Loon
When you run a business that has any sort of public profile you get all sorts of emails, some insightful, some interesting but most are by nutbags. Generally these mental cases confine themselves to gibbering on about the end of the world, the coming great depression or some other conspiracy. However rarely do we get…
DetailsIts Friday
I suppose the bulls have a similar feeling regarding rising prices.
Is Bigger Better?
This seems oddly appropriate given the post below on obesity. Within the world of managed funds be they hedge funds, private funds, alternative investments or mutual funds there is an observation that performance drops off with size. The traditional arc of the life of a managed investment is that a new manager pops ups, generates…
DetailsI Shouldn’t Laugh
Embarrassment is directly proportional to the value of your car and the perception of being a wanker.
As I Have Said Before….
………when referring to the funds management industry and its enormous fee collection for little return, I could be twice as incompetent for half the price.
Apparently….
…this is how JP Morgan shot itself in the arse
If Only…
……you could get away with doing this to the dicks who knock on my door at dinner times and the great unwashed who accost me in the street….
So….Whats New?
The bank’s strategy was “flawed, complex, poorly reviewed, poorly executed and poorly monitored,” Mr. Dimon said Thursday in a hastily arranged conference call with analysts and investors after the stock-market close. He called the mistake “egregious, self-inflicted,” and said: “We will admit it, we will fix it and move on,” he said. Interestingly it has…
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