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Schwarzman Interview

Found it on Ari Kiev's site.

http://www.arikiev.com/ariblog/index.php?entry=entry080703-150506

Excerpt:

Can investors create alpha by trading around positions, buying or selling to take advantage of price moves?

There’s no question that the whole point is to create alpha, and there are lots of ways to do it. And the reality is, if you have a
great idea, you may want to trade around the position a little bit. But I wouldn’t do it a lot, because ultimately, how many great
ideas does anybody really have? You’ve got to make a high-conviction bet when you feel like you have a great idea. That’s really the only way to outperform today.

Comments

posted by Jmoney

Jul 08, 2008 1:53PM

Oh man, lack of sleep is getting to me. This is an interview with Steve Cohen, not Schwarzman.

Sorry

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posted by guest

Jul 21, 2008 2:14PM

"create alpha."

what horseshit. it used to be called "trading," something you did to make money.

Now it's "creating alpha," like we're the masters of the universe or something.


Man are we due for a humbling.

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posted by guest

Jul 31, 2008 3:23PM

Maybe. But let's look at what G. Locasto really accomplished in a carrer at UBS. Hm?..............

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posted by guest

Jul 31, 2008 3:30PM

Arnold will solve this..with some suggestions..

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