My point about pigskin offense and defense is the perfect metaphor for the world of investing as well. Offensively minded risk takers in the markets have historically been the ones who have dominated the headlines and won the hearts of that beautiful gal (or handsome guy). Aside from the rare examples of Steve Jobs and Bill Gates, however, the secret to getting rich since the early 1980s has been to borrow someone else’s money, throw some Hail Mary passes and spike the ball in the end zone as if you had some particular genius that deserved monetary rewards 210 times more than a Doctor, Lawyer or an Indian Chief. Nah, I take that back about the Indian Chief. The Chiefs, at least, have done pretty well with casinos these past few decades. [PIMCO Investment Outlook]
- Jefferies Exec Sage Kelly Taking A Timeout From Investment Banking
- Hedge Fund Manager Keeps A Detailed Record Of All The Asses He's Grabbed
- Jefferies Exec Sage Kelly (Allegedly!) Employs Unorthodox Approach For Landing Clients (Update)
- Money Manager Holding Credit Suisse's Funds Hostage Elevates The Whole "I'm 5 Minutes Away!" Text When You Haven't Yet Left Your Apartment To A New Level
- Banker Who Faked His Own Death Fielding Hedge Fund Jobs Offers Left And Right, Says Banker Who Faked His Own Death
- Jefferies Exec Details All The Places He's Never Mistaken For A Toilet
- Guy Whose Quitting Pimco Totally Had Nothing To Do With Bill Gross Treating Him Like Crap Now Back At Pimco
- Things Could Be Worse But They Could Also Be Better At Jefferies Right Now
- Jefferies Exec (Allegedly!) Held An Offsite "Mushrooms Day"
- Opening Bell: 10.30.14
- Executive Editor
- Bess Levin
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