...that have the tendency to wipe out Myron Scholes. Yep. The M to the S froze his largest fund, or we should probably say, froze Platinum Grove Asset Management's largest fund, since the firm is larger than just one person, you know. All this according to an article in Bloomberg (which has been dutifully tracking his the firm's impending doom since the markets started coming unglued) which tries to conceal the obvious Scholes lust by sticking the name in the middle and bracketing it on all sides with other firm names and tales of woe. We are not fooled. We know who they are after, and we love every minute of it.
Hedge Fund Assets Shrank 9% as Investors Withdrew $40 Billion [Bloomberg]
Posted by guest , Nov 20, 2008 12:06PM
Let'em Burn!
Posted by guest , Nov 20, 2008 12:10PM
When Genius Failed Again
Posted by guest , Nov 20, 2008 12:12PM
How are the vice funds? Tobacco is killing it today...puff puff pass
Posted by guest , Nov 20, 2008 12:13PM
Who the fuck keeps giving this loser money?
There should be a new edict: Pension funds, univ. endowments and those numbnuts at CALPERS should be banned from investing in HFs. Harsh yes but there is no other way to protect these clueless mofos.
Posted by guest , Nov 20, 2008 12:16PM
@4 It's the Booth Nobel prize...
Posted by guest , Nov 20, 2008 12:17PM
Get him a psychic like the SocGen guy!
Posted by guest , Nov 20, 2008 12:18PM
Gettelfinger will get fingered
Posted by guest , Nov 20, 2008 12:23PM
Can you really be considered a genius when you have bombed out twice using seemingly the same strategy?
Posted by mj , Nov 20, 2008 12:33PM
Scholes once told a colleague of mine who at the time had 20yrs experience trading bonds that he [my colleague] wasn't smart enough to deal with him [Scholes]. Fuck him.
Posted by AJ , Nov 20, 2008 12:34PM
Ugh now Taleb is really going to be gloating...
Posted by guest , Nov 20, 2008 12:38PM
If Nobel Prize winners are so smart how come none of them work for the Tennessee Titans???
Posted by guest , Nov 20, 2008 12:54PM
y'allah habeebi! Taleb wins again...
seriously, the Lebanese-Christian "mafia" is everywhere: Taleb, Ghosn, Nasser, Mack... they're like the ashkenaz or something. except less, well, you know...
Posted by guest , Nov 20, 2008 1:04PM
11 Titans lose at home their first playoff game. Mark it down.