• 15 Dec 2008 at 10:18 AM

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 (30)

  1. Posted by Clown Capital | December 15, 2008 at 10:27 AM

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

  2. Posted by guest | December 15, 2008 at 10:29 AM

    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 | December 15, 2008 at 10:31 AM

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

  4. Posted by guest | December 15, 2008 at 10:38 AM

    link is not working

  5. Posted by guest | December 15, 2008 at 10:39 AM

    -67% is the new killing it.

  6. Posted by guest | December 15, 2008 at 10:39 AM

    @4- yes, it is. it’s a pdf.

  7. Posted by guest | December 15, 2008 at 10:43 AM

    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 | December 15, 2008 at 10:45 AM

    “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 | December 15, 2008 at 10:51 AM

    Can’t open the .pdf

  10. Posted by guest | December 15, 2008 at 10:54 AM

    @ 9 – becuase your firm sucks and cant afford Adobe. Youre beat.
    Please read 8 for a breif summary.
    Thanks

  11. Posted by guest | December 15, 2008 at 10:55 AM

    Our strategy worked until it didn’t.

  12. Posted by guest | December 15, 2008 at 10:55 AM

    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 | December 15, 2008 at 10:55 AM

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

  14. Posted by guest | December 15, 2008 at 10:57 AM

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

  15. Posted by guest | December 15, 2008 at 11:00 AM

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

  16. Posted by trojan | December 15, 2008 at 11:02 AM

    i just found out today guys can get yeast infections.
    bring on the bad news.

  17. Posted by guest | December 15, 2008 at 11:04 AM

    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 | December 15, 2008 at 11:08 AM

    Not committing fraud is the new ‘killing it.’

  19. Posted by guest | December 15, 2008 at 11:09 AM

    @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 | December 15, 2008 at 11:10 AM

    @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 | December 15, 2008 at 11:14 AM

    “you can dodge a shoe, you can dodge a ball!”

  22. Posted by guest | December 15, 2008 at 11:23 AM

    But you can’t ball your shoe?

  23. Posted by guest | December 15, 2008 at 11:27 AM

    “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 | December 15, 2008 at 11:58 AM

    “who throws a shoe? honestly? you fight like a woman.”

  25. Posted by guest | December 15, 2008 at 12:23 PM

    @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 | December 15, 2008 at 12:27 PM

    @12 – I wonder if he’s related to Les Grossman.

  27. Posted by guest | December 15, 2008 at 12:46 PM

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

  28. Posted by guest | December 15, 2008 at 6:05 PM

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

  29. Posted by guest | December 16, 2008 at 4:31 AM

    They should get the “funniest fund of the year” award … from non-investors, I mean …

  30. Posted by guest | December 17, 2008 at 4:36 AM

    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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