Last week, Leon Cooperman held a conference call with Omega Advisors’ investors, in which he expressed frustration at a lack of palatable presidential candidates who have what it takes to make this country great. So dire is the situation that Cooperman told them that he’d just have to run for president himself. Was he kidding? No, he was not.
Cooperman insists that he was not kidding.
Why then, if he was so dead serious, has he not announced his candidacy? He was planning on hanging up the phone and having his secretary send out an email to his entire address book, importance marked ‘high as fuck,’ to do just that, but his investors held him back.
Cooperman…was talked out of it by his spooked investors, who urged him to continue managing their money.
While he sadly won’t be making a play for the Oval Office, Cooperman did take the time to jot down a couple of his ideas that any candidates are free to crib, entitled “Presidential Plan.” Continue reading »
Fifty-one percent of Level 3 takers have reason to feel really good right about now: the opportunity to attend CFA Camp is so close you can taste it. For the rest of you, whose state of mind is not helped by the fact that more people passed this year than last and yet the Chartered Financial Analyst gods chose not to bring you along for the ride, the promise land is still nothing but a dream. And, as long as we’re all being honest here, the last several months (/years) have been a nightmare from which you feel like you might never wake up. Continue reading »
“If this guy prints more money between now and the election, I dunno what y’all would do to him in Iowa but we would treat him pretty ugly down in Texas. Printing more money to play politics at this particular time in American history is almost treasonous in my opinion.” Continue reading »
Sure he’s already achieved “a great outcome for ALL shareholders of Motorola Mobility,” and he’s pretty busy working the speed bag in preparation for his proxy fight with Forest Labs scheduled for later this week, but Carl took the time to stop by Bloomberg TV today and let Google know that if they ever want to talk to someone about breaking up a mobile technology company he’s got a little expertise in that area: Continue reading »
While they’re there they ought to “get a reality transplant.” Greenberg, like WB, wants to pay more. Continue reading »
Are you running a hedge fund out of Bumblefuck, USA? Do you feel like having a New York area code could help you take this thing to the next level but lack the funds necessary for a move? Dennis Mkyktyn may be able to help. In 2003 the former hedge fund manager had the foresight to buy a bunch of 212 numbers- 100 to be exact-, knowing that one day people like yourselves would be doing unspeakable things to get their hands on one. Continue reading »
SPIEGEL: What, then, needs to be done to fight this crisis? Continue reading »
ironically fake john paulson buys real trees
With half of Europe having banned short-selling and anything that might loosely resemble it, if you think that French banks are undercapitalized then you may be seeking less traditional ways to monetize that view. One approach that you might have considered is writing a fictional account of a near-future Eurozone meltdown with real names of banks and individuals and selling it pseudonymously to a major French newspaper to publish in a twelve-part serial. If you live in the U.S. that may not sound like such a great idea, since we don’t consume a lot of based-loosely-on-real-events financial fiction unless it stars Shia LeBoeuf.
But in France, where after all mime is considered a form of entertainment, there seems to be a big appetite for fictionalized financial markets, as Le Monde found out when they puplished “Terminus pour l’euro” this summer. But Le Monde’s success may just have ruined it for the rest of you:
Continue reading »
The Little Griffins are moving West. Continue reading »
