IA

Recent Comments

  1. 1
    Posted 2009-10-13 14:10:33 on Hermitage’s Russian Adventures

    What was up with the production values in that video? It looked like an over-stylized episode of Unsolved Mysteries or something.

  2. 2
    Posted 2009-03-25 12:57:47 on (Some Of) Alpha’s Biggest Hedge Fund Losers

    7. Timothy Sykes

  3. 3
    Posted 2009-02-17 13:35:12 on ‘What Are We Going To Do To Him, Harry?’ ‘We’ll Do Exactly What He Did To Us’

    The SEC complaint states that Stanford had exposure to Madoff. They defrauded investors only to lose some of the defrauded funds to a Ponzi scheme? *slaps forehead*

  4. 4
    Posted 2009-01-06 15:04:33 on Someone’s Sleeping With Julian Robertson Tonight!

    @4 Nice!

  5. 5
    Posted 2008-12-22 16:42:23 on Goldman’s Memory Challenged

    @30 The '90s called. They want their tired and lazy joke structure back.

  6. 6
    Posted 2008-12-18 13:15:33 on Say It To His Face

    @10 - This is definitely the work of a flamer

  7. 7
    Posted 2008-12-09 11:12:05 on At Least He Was Planning Ahead!

    @2: idiot

  8. 8
    Posted 2008-11-12 13:05:43 on Someone’s Having A Holiday Party This Year!

    Isn't that the fund that invests in adult diapers and in JO&C paraphernalia?

  9. 9
    Posted 2008-11-05 15:24:20 on JANA

    Nov. 5 (Bloomberg) -- Clarium Capital Management LLC, the hedge-fund firm run by PayPal co-founder Peter Thiel, slumped 18 percent in October, its biggest monthly decline, because of losses on bonds. The firm's Clarium LP fund reported a year-to-date loss of about 3 percent, wiping out the 58 percent gain it made in the first half, according to estimates given to investors.

  10. 10
    Posted 2008-10-29 14:05:26 on Maybe He Really Did Want To Focus On MGM

    Gas prices? Seriously? You mean the gas prices that have fallen $1/gallon in just the past month?

  11. 11
    Posted 2008-10-24 09:02:35 on No One Wants To Buy Your Drugs, Louis

    I love all of Lewis' books, but his bloomberg columns are absolutely insufferable.

  12. 12
    Posted 2008-10-22 15:44:56 on Morgan Stanley Takes Page From Stamford’s Play(a)book

    Rumor is that Mack funded the Canolis by selling a 20% equity stake because the pastry store wouldn't face MS as a credit counterparty.

  13. 13
    Posted 2008-09-29 15:07:46 on No Bailout

    @60 - Walmart is going to put up awesome numbers . Did you take Econ 1? Walmart sells inferior goods. We're in a recession. You do the math. And in case you didn't take Econ 1, let's just say WMT is up 25% YTD (vs. -22% YTD for the S&P) and leave it at that.

  14. 14
    Posted 2008-09-24 09:52:47 on Spread ‘Em

    It's sort of nonsensical to even quote a level for U.S. CDS, because if the U.S. defaults, the global financial system is pretty much done anyway. It's like writing someone insurance on a massive meteor strike - who is going to be around to collect on the policy?

  15. 15
    Posted 2008-08-06 16:34:35 on Amex Encourages Employees To Fire Each Other

    That was a test. If you know exactly how many men are in the show's title, you fail like #1 did.

  16. 16
    Posted 2008-05-19 14:02:52 on PIK Toggles And The Credit Crisis.

    That's pretty much the definition of a negative-convexity investment, no? When times are bad, you stop getting cash out of the trade as the PIK begins to toggle. When times are good the sponsor makes a 40% IRR and you get your modest fixed income return.

  17. 17
    Posted 2008-04-24 15:52:30 on Portfolio Columnists Should Not Throw Stones

    It's not a good sign when Muffie's author bio is longer than the actual post. I miss Carney.

  18. 18
    Posted 2008-04-21 11:51:00 on If You Have To Ask, You Can’t Afford It

    Has anyone from SNL remained funny past the age of 45, aside from Bill Murray?

  19. 19
    Posted 2008-03-28 13:35:06 on Citi: We’ve Run Out Of Suckers On The Outside, Any Takers In Here?

    I had this offered to me at Morgan Stanley as an analyst two years ago, so I don't think this is anything groundbreaking. It does make you think about whether it's wise for an institution to have assets whose quality is linked to the continuing employment of their own employees. Presumably there's a big slug of correlation there - the moment the bank goes down and the employees start losing their jobs, the mortgages are going to be worthless, thereby hitting the asset side of the balance sheet, thereby causing more employees to be let go, etc. I assume that there are few enough of these Citi mortgages that it's not that big of a deal, though.

  20. 20
    Posted 2008-03-28 10:12:26 on I think I’m turning Japanese, I Really Think So.

    Notice how EP avoided the central question. This is my favorite comment thread ever - it almost makes up for the tranny picture yesterday.