Actual question to ask yourself now, so you’ll have an answer ready should the offer make its way to the table: “If your company offered you a pay raise to tattoo its logo on your body, would you do it?” [CBS via Gawker]
It’s been hitting me pretty hard what happened just a few years ago. Then you see [Senator] Carl Levin and the Senate looking to bring criminal charges against Blankfein. There are some key learnings that came out of that period in history, and it felt like it was a really appropriate thing to eulogize on my body… to me this represents the recipe for human greed. It was severely misappropriated by traders, the way it was oversimplified and reduced it to a single gamma number – and they couldn’t stop using it even knowing the inherent fallibility in it. I’m going to come off like such a f———g socialist in this, but to me it perfectly embodies what went wrong. And in that way it was the closest thing I’ve seen to the economic paradigm that we’re in. [Easy Street]
1) Asness is currently a Marvel comic book collector, in addition to his duties at AQR Capital
2) As we know from Scott Patterson’s The Quants, as a teenager in on Long Island, Asness was “obsessed with little besides girls and comic books”
3) Also from The Quants, the following image: “Friday morning at AQR, August 10. Asness glanced pensively at a candy-colored array of Marvel superhero figurines lined up along his east-facing window. Spiderman. Captain America. The Hulk. Iron Man.”
4) In a new profile of Cliff out tomorrow in Bloomberg Markets magazine, the manager sits on his desk flanked by said dolls, in a full-page glossy photo.
Okay, give it your best shot. Read more »