Dear Team Tosca

Okay, we know this might not mean much, but-- if you can get through this without pissing your pants in laughter, you will have won our deepest respect.

Shareholder Report [PDF]

Comments

1

Posted by Clown Capital , Dec 15, 2008 10:27AM

First to ask Bess for a Madoff Investments fund(s) presentation...

2

Posted by guest, Dec 15, 2008 10:29AM

Good friendship is like pissing your pants. Everyone can see it, but only you can feel the true warmth of it.

3

Posted by guest, Dec 15, 2008 10:31AM

How did people this stupid ever get responsibility for someone else's money?

4

Posted by guest, Dec 15, 2008 10:38AM

link is not working

5

Posted by guest, Dec 15, 2008 10:39AM

-67% is the new killing it.

6

Posted by guest, Dec 15, 2008 10:39AM

@4- yes, it is. it's a pdf.

7

Posted by guest, Dec 15, 2008 10:43AM

First the good news: (1) We ONLY lost 5% of your money this month (way better than Sept. & Oct.) so we are getting better at this, (2) We lost your money honestly because we don't know what we are doing, not because of fraud and (3) you still have about 33% of your money left (even though we will make it hard as hell to get it out) and the bad news, well you know......

8

Posted by guest, Dec 15, 2008 10:45AM

"We wish you a peaceful and relaxing holiday season."

Down 67% on the year and 22% of my remaining money in emerging market banks. You betcha! I'll sleep like a baby.

9

Posted by guest, Dec 15, 2008 10:51AM

Can't open the .pdf

10

Posted by guest, Dec 15, 2008 10:54AM

@ 9 - becuase your firm sucks and cant afford Adobe. Youre beat.

Please read 8 for a breif summary.

Thanks

11

Posted by guest, Dec 15, 2008 10:55AM

Our strategy worked until it didn't.

12

Posted by guest, Dec 15, 2008 10:55AM

PDF works fine.

Andrew Grossman on CNBC from Heritage just said "fluid" twice in 15 seconds in describing the auto bailout situation.

13

Posted by guest, Dec 15, 2008 10:55AM

I am a hedge fund manager. Where is my penis?

14

Posted by guest, Dec 15, 2008 10:57AM

gee the bulk of that histogram distribution of monthly net returns looks to the negative side of 0.

15

Posted by guest, Dec 15, 2008 11:00AM

Wow. All I can say is "wow". By the way, since when do emerging markets stocks hold less risk?

16

Posted by trojan, Dec 15, 2008 11:02AM

i just found out today guys can get yeast infections.

bring on the bad news.

17

Posted by guest, Dec 15, 2008 11:04AM

anyone think the "baghdad shoe thrower" will be a free agent by the end of the week? that guy brought the heat...

18

Posted by miami, Dec 15, 2008 11:08AM

Not committing fraud is the new 'killing it.'

19

Posted by guest, Dec 15, 2008 11:09AM

@17 The Borowitz Report today reported that Hank Steinbrenner has signed up that reporter based on his arm. If the Pirates can sign two Indians who never saw a baseball in their life, the Yankees will not be outdone in scouting Southeast Asia and the Middle East.

20

Posted by guest, Dec 15, 2008 11:10AM

@17,
And GWB doesn't have a role in the sequel to Dodge Ball The Movie, I will be surprised.

Dude's ninja-like.

21

Posted by guest, Dec 15, 2008 11:14AM

"you can dodge a shoe, you can dodge a ball!"

22

Posted by guest, Dec 15, 2008 11:23AM

But you can't ball your shoe?

23

Posted by guest, Dec 15, 2008 11:27AM

"throw a shoe at me oncce...shame on you! Throw a shoe at me twice... can't throw a shoe at me again!"

24

Posted by guest, Dec 15, 2008 11:58AM

"who throws a shoe? honestly? you fight like a woman."

25

Posted by guest, Dec 15, 2008 12:23PM

@19

But the second throw was off the strike zone! That's why they'll invite him to Spring training first.

26

Posted by guest, Dec 15, 2008 12:27PM

@12 - I wonder if he's related to Les Grossman.

27

Posted by guest, Dec 15, 2008 12:46PM

Why don't they just invest in Government debt...from ecuador....

28

Posted by guest, Dec 15, 2008 6:05PM

I enjoyed the Secret Service's slo mo response were probably secretly hoping he had a gun

29

Posted by guest, Dec 16, 2008 4:31AM

They should get the "funniest fund of the year" award ... from non-investors, I mean ...

30

Posted by guest, Dec 17, 2008 4:36AM

We are often asked the question “is it time to invest in banks”?

I can think of better people to ask.

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