Tags: baseball, Bill Gross, letters, our b, PIMCO, swearsies, There is no “quit” in me or anyone else on the PIMCO premises., we just try to catch alpha, weighty issues
Several weeks back, bond manager Bill Gross wrote a very personal letter to investors about feeling fat. In it, he spoke of hating his “spare tire,” feeling self-conscious about wearing a bathing suit, and preferring to be shot dead than getting a glimpse of what his ass has become. Today, Bill sent out another letter, entitled “Mea Culpa,” in which he apologized to PIMCO investors for the poor performance of the firm’s Total Return Fund (which through Wednesday was up a mere 1.1 percent versus the 5.7 percent benchmark). And yet perhaps it is the investors who should be apologizing to Mr. Bill? Read more »
Tags: Berkshire Hathaway, Congress, letters, pre-release wagers, show me yours I'll show you mine, Warren Buffett
…and gives Congress a glimpse of the silver tuna. Want to see the full enchilada? The golden goose? The cast-iron baby arm? El Chorizo? Then you’re gonna have to get some other deep pocketed guys and gals to show what kind of heat they’re packing. You do that and WB promises he’ll give you the full autopsy results. Those are the rules. No tit? No tat. If anyone thinks he’s going to be the only one left standing naked, they can refer themselves to a fateful game of strip poker in ’57 from which he learned his lesson the hard way, and think again. Read more »
Tags: before Google buys you rips you apart and turns you into their hardware division, Blackberry, clean up your act, I have never been more displeased with a device, I no longer want to support a poorly run and immature company, I wish you best of luck, Jobs: not trendy? how dare you, letters, quote evolutionary smart phone unquote, reluctantly and without pleasure, RIM, waited tolerantly
According to the 3,000 word email written by the ex-customer, RIM can kiss his $120/month good-bye. Read more »
Tags: Hedge Funds, John Paulson, letters, Paulson and Co, people who aren't ready to quit Sino-Forest, Sino-Forest, trees or lack thereof
Not really enough to get upset or even mildly perturbed over, though in a letter to investors today re: the Chinese company, Paulson did note that “as the largest investors in the Paulson Advantage strategy,” the disappointment in the lack of trees is shared by the Paulson partners. Read more »
Tags: brothers, e-how links, Galleon, helpful guidelines, insider-trading, letters, Raj Rajaratnam, Rengan Rajaratnam, ROTFLMAO, thanks for the texts
He requested their help last week and even included some links on the proper formatting to use when drafting missives in an attempt to convince a judge to be lenient in sentencing.
From: Rengan Rajaratnam
Sent: Tuesday, May 18, 2011
I want to thank you for your support. Your calls, emails, texts, and inquiries are constant reminders that through this dark, tragic time, Raj and the family are not alone.
As we prepare for the appeals process, we need your help and I am I only sending this letter to a handful of people. The sentencing phase is coming up relatively quickly and the federal guidelines are calling for 15 to 19 years in jail. The guidelines are harder and less flexible than many prison sentences for violent and predatory offenders. This is simply unfair, and we are praying for leniency from the judge while we prepare for the appeal.
In the meantime, on behalf of Raj and the family, I would like to enlist your support one last time. Positive character letters from family, friends, and colleagues that know Raj well can play a pivotal role in helping persuade the Hon. Judge Holwell to be fair, and lenient during Raj’s sentencing.
Read more »
Tags: Chuck Grassley, insider trading or lack thereof, letters, SAC Capital, Steve Cohen
The senator wants to be kept in the loop re any ‘suspicious trading’ at SAC Capital (he doesn’t know of any, but in case anything comes up in the files) and also has questions just generally about what life is like there. Read more »