• 21 Jan 2011 at 3:01 PM

Phil Falcone: My Investors Don’t Know Jack

Way back in September, Phil Falcone held a conference call with Harbinger Capital clients wherein a “defensive” Falcone “expressed dismay that some investors had been talking to the press” and strongly urged them to put a sock in it. Apparently some people either didn’t get the memo or, in retaliation for Phil’s decision to lock up their money and then help himself to some in order to pay personal taxes, simply chose to ignore it. For example, yesterday “several” investors told Reuters that the Harbinger Capital Partners fund finished 2010 down around 12 percent and is off about 1.2 percent through the middle of January. In the same article, it was suggested that Falcone had to decided to stop reporting his performance to HSBC to spare himself embarrassment. What did Big P have to say about all this? For one, his investors don’t know shit.

When asked about the performance numbers through the middle of January and whether he had stopped sending data to HSBC to avoid being the most prominent name on the 2010 list of underachievers, the former Harvard economics graduate responded with a one-line email. “The investors are wrong and so is your rationale,” he told Reuters.

Falcone tried to play nice guy with you people but apparently you don’t appreciate a Mr. Nice Guy when you see one. So here’s what, bubs. You wanna play hardball? Falcone’s game. The next investor to talk to the press owes him 20 bucks. The one after that 50.** If you can’t come up with the cheddar, you get Lisa’s gladiator sandal up your ass. ATM pin numbers are accepted.

Falcone’s Flagship Fund Sees More Red [Reuters]

**Or a chalupa and a Coke.

26 comments (hidden to protect delicate sensibilities)
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Comments (26)

  1. Posted by Supraman | January 21, 2011 at 8:12 PM

    Well, he’ll always have his wife’s music production business to fall back on.

  2. Posted by Wilbur | January 21, 2011 at 8:13 PM

    A Chalupa??!!!! Isn’t that made from Pigs?

  3. Posted by Guest | January 21, 2011 at 8:14 PM

    Everybody who believes they lost money last year is an idiot. Clearly, they don’t have the IQ to see Phil’s “genius” when his fund outperforms everyone this year. Kind of like a boxer KO’ing his opponent in the 6th round after pretending to lose the fight.

    – HF guy who is underperforming the S&P

  4. Posted by Guest | January 21, 2011 at 8:14 PM

    Oh and his little walkie talkie deal isn’t going to plan either. Shall we put this one down as a stop clock tells the time correctly twice?

    Oh and those lovely over-the-top frocks looked so beautiful on that rose from Spanish Harlem. Pity.

  5. Posted by Guest | January 21, 2011 at 8:14 PM

    Oh and his little walkie talkie deal isn’t going to plan either. Shall we put this one down as a stop clock tells the time correctly twice?

    Oh and those lovely over-the-top frocks looked so beautiful on that rose from Spanish Harlem. Pity.

  6. Posted by Guest | January 21, 2011 at 8:17 PM

    ‘walkie talkie deal’
    LOL

  7. Posted by Guest | January 21, 2011 at 8:17 PM

    ‘walkie talkie deal’
    LOL

  8. Posted by Mixed Metaphor Dept | January 21, 2011 at 8:21 PM

    He’s skating on thin ice.

  9. Posted by Carolina & Lilliana | January 21, 2011 at 8:27 PM

    But Daddy, can we still be Power Kids in NYC?

  10. Posted by Carolina & Lilliana | January 21, 2011 at 8:27 PM

    But Daddy, can we still be Power Kids in NYC?

  11. Posted by Chuddy | January 21, 2011 at 8:27 PM

    What we do know is that you lost money when the fucking S&P was up 15% and took our redemption money to pay your fucking taxes. That we know. What we don’t know is why we didn’t redeem after your ‘money shot’ call of a lifetime on subprime.

    ~ Harbinger Investor

  12. Posted by Yesyesyes | January 21, 2011 at 8:28 PM

    i see what you did there

  13. Posted by Meatbone9 | January 21, 2011 at 8:32 PM

    Pigs that play the piano?

  14. Posted by FrankTheTank | January 21, 2011 at 8:57 PM

    I wonder if she has hard wood floors or something exotic, like the Amazon jungle.

  15. Posted by Marcus Schrenker | January 21, 2011 at 9:24 PM

    I’m betting landing strip myself.

  16. Posted by Guest | January 21, 2011 at 9:49 PM

    We came uncomfortably close to seeing “atm machine” and “pin number” in the same sentence.

  17. Posted by Canadian NG Trader | January 21, 2011 at 10:26 PM

    Phil didn’t lose money; the “model” did……

    -Trader Who Knows How Losses Are Properly Explained

  18. Posted by Anonymous | January 21, 2011 at 11:49 PM

    I expected to see his name on the list of Mafiosi the FBI busted y’day. Philly “skankhubbie” Falcone.

  19. Posted by Anonymous | January 22, 2011 at 8:31 AM

    Back in September, Phil Falcone held a conference call with clients Harbinger Capital in a “defensive” Falcone “, expressed dismay that some investors had spoken to the press” and urged to put a sock in it.

    Cheap Escorts

  20. Posted by HFguy | January 24, 2011 at 2:27 PM

    It is down 17.10% as of Nov 10 .. we havent got the Dec ass bleed numbers yet ..

  21. Posted by Organ Grinder | January 24, 2011 at 10:37 PM

    Will she have to explain how she lost the toe when selling her kidney?

    –Guy whose dad used to use the term pre-med

  22. Posted by Organ Grinder | January 24, 2011 at 10:37 PM

    Will she have to explain how she lost the toe when selling her kidney?

    –Guy whose dad used to use the term pre-med

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