• karuizawa single cask


    New Investment Vehicle Offers Promising Returns, High-Risk Of Saying “Screw It, I’m Drinking This”

    Investors are bidding up prices of rare single-malt Scotches from distillers such as Macallan, Bowmore, and Dalmore, and Japan’s Karuizawa and Yamazaki. In January, Sotheby’s sold a 6-liter Lalique decanter of Macallan “M” single malt—one of only four made—for a record HK$4.9 million. “I’m not really an advocate of buying whisky and flipping it,” says […]

    / Aug 28, 2014 at 5:41 PM
  • teatime


    RBS Trying To Get Back In Public’s Good Graces By Making Bankers Serve As Customers’ Butlers

    Last summer, Adrian Eady, a banker with Royal Bank of Scotland Group, was nearly crushed hauling a crate of feta cheese off a forklift truck in a North London warehouse. A few months earlier, the state-controlled bank sent Mr. Eady to wear an apron and serve cappuccinos in a cafe. Before that, he was selling […]

    / Feb 25, 2014 at 1:42 PM
  • News

    Local Man Can’t Say Enough Good Things About Herbalife

    D.A. Davidson’s Tim Ramey enjoyed shoving his vindication, re: Herbalife, in Bill Ackman’s face—see his post-reaudit victory, pre-trip to Disneyland speech here—to end last year so much that he’s planning on another year of it.

    / Jan 6, 2014 at 10:00 AM
  • Zach Galifianakis

    Private Equity

    New Hostess Owners’ Infallible Business Plan: Zach Galifianakis And Healthy Twinkies

    Now that the Apollo and Metropolous & Co. have officially bought the Twinkie—in an auction that drew precisely one bid, theirs—the private equity firms have figured out how to turn around a company that other private equity firms couldn’t/ran into the ground.

    First, they’re not going to rehire everyone. Second, they’re going to outsource distribution. Lastly, and most importantly, they’re going to hire Zach Galifianakis or Will Ferrell.

    / Mar 13, 2013 at 4:18 PM
  • News

    Theory: JPMorgan Would Be In A Helluva Lot Better Shape If Jamie Dimon Would Take Four Months Vacation Each Year

    In her fascinating 1999 biography of J.P. Morgan,”Morgan: American Financier,” Jean Strouse writes, “He could, he said, do a year’s work in nine months but not in twelve.” Morgan would keep a workaholic’s schedule while in New York but would break for frequent trips to Europe, flopping around its spas to ward off depression and […]

    / Aug 29, 2012 at 6:01 PM
  • News

    Let’s Help Greg Smith Name His Book

    Earlier today, the Times reported that former Goldman Sachs employee Greg Smith– he of third place Maccabiah Games finishes and very public breakup letters fame–, along with his newly acquired agent (Paul Fedorko), have been making the rounds at various publishing houses for the last week, pitching a book CNBC’s Kate Kelly saysmay go for more than $1 million at auction. It’s still in the early stages, though, and most likey untitled.

    So! Let’s do him a solid and come up with some options. The tome is being pitched as a “coming-of-age story, the tale of someone who came into the business with good intentions and sky-high ideals that were ultimately pierced by Goldman’s obsessive focus on making money.” So far all we’ve got are “Why They Don’t Hug Anymore At Goldman Sachs,” “Sixth-Balling Your Clients– A Story Of Goldman Sachs,” and “Den of Thieves: Tripping Over Ethics And My Shoe-Laces At Goldman Sachs.” Surely you can do better.

    / Mar 26, 2012 at 1:56 PM
  • Hedge Funds

    Steve: Remember That Not Getting An MLB Team Can Sometimes Be A Wonderful Stroke Of Luck

    Over the weekend, the LA Times reported that a group headed by Steve Cohen was among those that advanced to the second round of bidding for the Los Angeles Dodgers. Mark Cuban, “veteran baseball executive” Dennis Gilbert, and former Dodgers players Steve Garvey and Orel Hershiser are out; at the top of Cohen’s elimination list […]

    / Jan 30, 2012 at 4:30 PM
  • News

    Nassim Taleb Predicts The Next Black Swan: Bankers Getting Bonuses Of Any Kind

    Earlier today, we discussed the upcoming bonus season and the fact that, for those who are employed by banks, it’s looking to be something of a disappointment. Numbers are estimated to be down 20-30 percent on average from last year, with fixed-income being hit the hardest. For many, it’s cause for some preemptive JO&C’ing at […]

    / Nov 8, 2011 at 11:33 AM
  • News

    When Will This Country Start Taking Julian Robertson Seriously?

    As you may have heard, over the weekend, Denmark introduced a tax on fat. The measure is aimed at “increasing the average life expectancy of Danes” but obviously it’ll make the country a little extra coin, too. Great for them, not so great for hedge fund manager Julian Robertson, who had to sit at home […]

    / Oct 5, 2011 at 6:08 PM
  • Banks

    Minor UBS Shareholder Wants Everybody Out, Has A Few Ideas About Future Leadership

    Over the weekend, the UBS board appointed Sergio Ermotti interim CEO, following Oswald Gruebel’s resignation. This was a good start, but not enough, according to Ethos Foundation head Dominique Biedermann, who only owns a 0.1% stake in UBS but feels strongly his opinions are good ones and should be heard. First off, Biedermann wants Chairman […]

    / Sep 26, 2011 at 2:32 PM
  • News

    Who Wants To Put Their Guarantee On Bank Of America’s Box?

    Earlier today on CBNC, Jim Cramer pitched an idea that he thinks could end Bank of America’s problems: beg a billionaire to vouch for you. Just like Goldman Sachs got Warren Buffett and Citi has Prince Alwaleed bin Talal, Bank of America needs someone to get out there and say to the markets, “It’s okay, […]

    / Aug 24, 2011 at 12:44 PM
  • News

    Bill Gross Wants To Bring Back Shop Class

    “Philosophy, sociology and liberal arts agendas will no longer suffice.”

    / Jun 21, 2011 at 11:48 AM
  • News

    Anyone Have An Open Seat On Their Trading Floor For A Writer Seeking Material?

    Joel Stein is a reporter for Time magazine writing his first book. It’s about “learning, at 39, how to finally become a man.” In addition to “the typical red state stuff” (4 days of basic training in the army; fight Randy Couture from the UFC; hunt; do a shift as a fireman; fix a house; […]

    / Mar 21, 2011 at 2:17 PM
  • Banks, News

    Barney Frank Wants Steve Cohen To Pay For Housing Programs Republicans Would Cut

    As you may have heard, Republicans want to get rid of several housing programs, including the Neighborhood Stabilization Program and the Home Affordable Modification Program. Representative Barney Frank does not want them eliminated but understands the other party has issues with federal spending and has therefore proposed a compromise for where the money can come […]

    / Mar 17, 2011 at 4:51 PM
  • News

    Former AIG Chairman Has Suggestion For Insurer’s 5 Year-Plan

    “Longer-term, AIG shouldn’t exist,” Golub said in an interview airing today on Bloomberg Television’s “In the Loop with Betty Liu.” [Bloomberg]

    / Jan 27, 2011 at 6:05 PM
  • News

    New York Hedge Fund Roundtable Chair Suggests Interesting Propsal For Manager Pay: Caps

    “How much better do you live with $2 billion than $50 million?” chairman and founder of the New York Hedge Fund Roundtable Stanely Goldstein recently asked, the insinuation being that one does not feel much of a difference between living comfortably and living at a pay grade that affords you at least one private jet, […]

    / Dec 6, 2010 at 3:54 PM
  • News

    Bills Bonds: Great Idea Or Greatest Idea?

    “While Bills fans can’t own the team they cheer for, there is nothing preventing fans from lending to their team,” investment banker Steve Brady wrote on his Web site, “Or, more accurately, lending money to a new owner by purchasing bonds (called Bills Bonds). The new owner could use the proceeds from these bonds […]

    / Dec 1, 2010 at 4:20 PM
  • News

    Financial Services Employee Seeks Help Spending Bonus

    A brother in need writes: Dear Dealbreaker, I’m an American living abroad in one of the few places where finance types aren’t still public enemy #1. I’m going to be back in the states for a few weeks over the holidays, armed with plenty of appreciating foreign currency, and a will to spend lots of […]

    / Oct 13, 2010 at 1:45 PM

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