Over the weekend Charlie Gasparino reported that John Mack is expected to retire as chairman of Morgan Stanley at the end of the year. According to Chaz, Mack will use some of his newfound time to write a book. It’s still in the early stages, though, and probably untitled. So! Read more »
Joe Kernen Wants To Save Your Children From Brainwashing By Liberals Who Hate Capitalism And Are Poisoning Their MindsBy Bess Levin
He’s so serious about the issue he wrote a book about it, which you unfortunately can’t buy until May 12th. By then, it might be too late.
The following excerpt is from Fatal Risk: A Cautionary Tale Of AIG’s Corporate Suicide, a new book by investigative reporter Roddy Boyd.
The role of Goldman Sachs in AIG’s saga had its roots in a little- remarked-upon series of promotions involving a pair of managers known as the “J. Aron guys” taking control of Goldman’s Fixed- Income, Commodities, and Currency unit in the late 1990s. Gary Cohn and Lloyd Blankfein, veterans of Goldman’s sharp-elbowed commodities trading operation, saw a need to do things differently. Read more »
He had a plan to save the book industry one story at a time, but now that’s probably shot to hell. Read more »
And on an even more serious note, for which you should brace yourselves, Taleb has announced he will not be going to Davos this year. Why? Because he’s sick of the name dropping fame whores in attendance who don’t know anything about debt, like he does. Black Swan will be making better use of his time “at home with my fireplace and notebook and library,” where he will fix our economy while less serious people– NT hates to name names but “Rouriel Noubini” he mouths– will be in Switzerland banging economist groupies. Read more »
There’s an old saying that goes “write what you know.” When JC Davies was laid off from her job in the fall of 2008, she decided to do just that. Though she had spent nearly a decade as an equity research analyst, first at ING Barings, then Goldman Sachs and finally RIM Securities, what she truly knew, deep within her soul had nothing to do with money or investing. What JC Davies knew was this: dick. And not just white dick but dick of all colors of the rainbow—so much so that you could call her an expert, and she hopes you will. Read more »
It’s cool– she’s here to read it to you. [VF]