• jordanbelfort


    Jordan Belfort’s Prison Experience Was Basically A Writer Retreat At Canyon Ranch

    When I arrived at Taft, they lost my paperwork, so I spent five days in solitary. It was brutal, absolutely brutal. But it was minimum security, and after solitary it was like a boys’ club — and who’s my bunkmate? Tommy Chong from Cheech & Chong. I couldn’t believe it. He was in the process […]

    / Feb 28, 2014 at 4:21 PM
  • dimonxmascard


    Jamie Dimon Sees The Kardashian’s David LaChappelle-Directed Christmas Card And Raises Them “Tennis With Giant Balls In Our Park Avenue Living Room”

    Earlier this month. Jamie Dimon’s office at 270 Park Avenue. Dimon is on his computer scrolling through pictures. As we get closer, we see that he’s looking at old Kardashian family Christmas cards that Kourtney and Khloe have tweeted, before the big reveal of this, which elicits a “Oh for crying out loud” from Dimon. […]

    / Dec 17, 2013 at 6:08 PM
  • jordanbelfort


    Jordan “Wolf Of Wall Street” Belfort Had A Pretty Nice Little Set Up In Prison

    He reported to a federal prison camp in Taft, Calif., in 2004. It was during his 22 months there that he decided to write his memoirs. Incredibly, his cellmate was Tommy Chong, of Cheech and Chong, who was serving a nine-month sentence for selling drug paraphernalia—bongs in particular. As Chong describes it, the Taft Federal […]

    / Nov 8, 2013 at 1:57 PM
  • News

    John Paulson Is The Most Resourceful Hedge Fund Manager In The World

    In a pinch, Steve Cohen has made himself a few zip-up fleece jackets with only a travel sewing kit and some Silly Putty at his disposal. Alone in the woods and miles from home, Ray Dalio has been known to fashion slingshots out of the remains of wildebeests. Having blown through all his 100-count packs already and not wanting to catch anything, George Soros has constructed condoms out of strips of bacon; old tea bags; and British pounds. According to Dealbook, however, today they must all bow down to the master.

    John Paulson, the billionaire hedge fund manager, will be forever known on Wall Street as the man who made nearly billions shorting subprime mortgages. But on Monday night at the United States Open men’s singles final, DealBook witnessed Mr. Paulson do something that, while not nearly as remunerative, was almost as impressive: He turned his necktie into an ascot…As the match wore on into the night, the temperatures dropped into the 50s and spectators grappled with how to stay warm. But Mr. Paulson, unable to avail himself of the U.S.T.A.-issued blanket and possibly reluctant to spend money on a Polo fleece, chose a different approach. Early in the fifth set, Mr. Paulson removed his tie and unbuttoned the top button of his shirt. He then wrapped the tie around his neck and transformed it into an ascot, providing additional warmth for the duration of the match.

    Wall Street Sits Courtside For A Marathon Match [Dealbook]

    / Sep 11, 2012 at 6:19 PM
  • Hedge Funds

    Give A Bill Ackman A Fish And You’ll Feed Him For A Day. Teach A Bill Ackman To Fish And He’ll Hire You To Work At Pershing Square. (Ditto Re: Tennis Lessons.)

    How do the world’s leading hedge fund managers go about assembling their teams? While some choose the standard head hunter and “pitch me a stock” route with candidates who’ve had at least a few years of business experience and proven track records, others prefer a more outside the box approach. Bridgewater Associates, for instance, has said that instead of going after veterans of Wall Street, it prefers to hire people straight out of college, when their minds are still malleable. Founder Ray Dalio has stated: “Interest in the subject matter is a minor consideration…We are first interested in people’s values, second interested in their abilities, and least interested in their precise skills. We want independent thinkers who are willing to put aside their egos to find out what is true.”

    Similarly, Pershing Square’s Bill Ackman, who has never been one to follow the crowd, eschews the typical hiring process in identifying talent. Instead, Ackman relies on gut instincts when it comes to making personnel calls, many of which occur outside the confines of the investing world. For example, a former analyst named Oliver White was hired after serving as Ackman’s guide on a fishing expedition in Tierra del Fuego. (Per Christine Harpers’s Confidence Game: “For six days, Ackman and White, a philosophy graduate from the University of North Carolina at Chapel Hill, talked and fished. White explained technical details to Ackman about fly selection, casting the line, and luring the fish. Meanwhile, Ackman spotted the next member of Pershing Square’s investment team. “At the end of his stay, he asked me– no, he told me– I should come to New York and work for him.”) While Ackman was obviously impressed with White’s talent, it seems the offer was made on the basis of spending six days peering into the guy’s soul and seeing something special he knew in his plums would carry over into the investing world, rather than as a barter deal for more fishing lessons. In other cases, people have been asked to join the Pershing team after dazzling Ackman with a skill he wanted to acquire.

    Days after Bill Ackman won control of Canadian Pacific Railway Ltd. (CP), the nation’s second-largest railway, he was at the USTA Billie Jean King National Tennis Center trying to control his backhand against Wall Street’s biggest hitters. “My groundstrokes were actually pretty good,” the 46- year-old chief of Pershing Square Capital Management said toward the end of play at the R Baby Foundation doubles tournament. The event was a fundraiser to aid emergency pediatric care. “I had too many unforced errors.”


    On Saturday, his partner was Elena Piliptchak of Tiger Europe Management, who played for Kansas State University and was the lone female competing. Ackman’s partner was 25-year-old Mariusz Adamski, a business major and No. 1 doubles player at Wake Forest University in North Carolina. After they were introduced three years ago by Jeffrey Appel, an investment banker, Ackman hired Adamski at Pershing.

    Where will Bill find his next super star? Let us be the first to suggest the ranks of street magicians, as they have have all the classic BA lures including the possession of a skill he most likely doesn’t have and would like to learn and natural stage presence.
    Harvard, Princeton Bankers Seek Net Glory In Tennis Match [Bloomberg]
    Confidence Game [Christine Harper]

    / May 21, 2012 at 4:22 PM
  • News

    What Wall Street Can Learn From Serena Williams

    From time to time around these parts, we like to canvas the world outside Wall Street to see how they deal with certain issues, particularly those related to crisis management. Often times, there are helpful tips to be borrowed and applied to any pre or post Code Red office situations in which you might find […]

    / Aug 29, 2011 at 7:06 PM
  • News

    Bill Ackman Will Get Rid Of Your Gut, Set You Up With Your Wife, Beat Your Ass On The Rowing Machine

    One thing you may have picked up from Bill Ackman’s investing style is that he gets involved with companies he believes, very passionately, can benefit from his help. He comes in armed with a plan, and while some people might not be open to the unsolicited suggestions for improvement, few can argue that he’s just […]

    / Apr 27, 2011 at 3:23 PM
  • News

    Bill Ackman To Take On John McEnroe

    The Post reports Ackman and Scoggin Capital manager Craig Effron will do battle with McEnroe and his brother, Patrick, after bidding $100,000 on one hour of tennis at a charity lunch the other day. If the brothers are trying to gather intel on Ackman’s style, the Pershing Square founder’s formidable game was described in a […]

    / Dec 8, 2010 at 11:22 AM
  • News

    Who Wants To Work 2-3 Hours, Play Some Golf And Call It A Day?

    Are you a trader looking for a new gig? Do you have certain requirements of the job that’ve made finding the perfect employer slightly difficult? Do they include: * Wearing flip-flops, polos and shorts to work? * Taking leisurely lunches * Enjoying yourself a good rom-com and paying matinee prices? * Playing 18 holes before […]

    / Sep 10, 2010 at 9:59 AM
  • News

    Another Animal Threatening To Make UBS Look Bad

    First, there was the World Cup outcome-predicting cephalopod mollusk that everyone was obsessed with, who the financial media took great glee in pointing out made better predictions than UBS. Now there’s Grandpa the Monkey, who’ll likely serve up another kick in the pants for the Swiss bank in the coming days.

    / Sep 8, 2010 at 12:30 PM
  • News

    Last Night At The US Open, A Heated Debate Broke Out Between Two Spectators Regarding The Root Causes Of The Housing Crisis

    Yup, pretty sure that’s what happened here. Broheim thinks it was predatory lending, lady friend blames Alan Greenspan’s policies. What? You don’t think that’s what could’ve sparked the increasingly physical argument captured above? If you have an alternative theory or any intel on the situation, please do share it with the group at this time.

    / Sep 3, 2010 at 1:55 PM
  • News

    Fabrice “Fab” Tourre Reeled In Clients With His Backhand

    What do we know about Fabrice Tourre, the only Goldman employee named-checked in Friday’s suit against Goldman? Save for the fact that he refers to himself as “Fabulous Fab” in emails to friends, not much, though the Daily Mail did uncover this photo of Mr. Fantabulous, I don’t know, jumping out of a plane? And […]

    / Apr 19, 2010 at 10:45 AM
  • News

    Serena Williams Of P.E. World Rings In 63rd Birthday On The Court

    In 2007, birthday boy Stephen Schwarzman celebrated with a party that cost $1 trillion and included John Thain, Maria Bartiromo, Vernon Jordan, Bill Clinton, Rod Stewart and Patti LaBelle singing “Happy B’Day.” He’s scaled it back in the years since, preferring the simplicity of quiet celebrations at home, just him, wife Christine and the crabs. […]

    / Feb 23, 2010 at 1:15 PM
  • News

    Tim Geithner And Larry Summers Will Shock You With Their Tennis Moves

    The first because he’s not a total pussy and the second because he can move. Also, according to Nick Bollettieri, the duo’s coach, Big Lar doesn’t smile when he’s playing, which makes sense considering that while he loves tennis, it ranks third among his favorite things, which are 1) drinking diet Coke and 2) sleeping […]

    / Oct 13, 2009 at 5:45 PM
  • News

    Geithner Is “Dauntingly Fit” And Quick On Tennis Court, Object Of Tennis Partner’s Threesome Fantasies

    As you’re aware, the Times released Tim Geithner’s schedule last week, from when he was New York Fed Chairman. He had some tennis dates with former Portfolio editor Jim Impoco in 2007, and Daily Intel got in touch with the guy to find out what kind of game T. Geith throws down. Apparently the Treasury […]

    / May 1, 2009 at 4:10 PM

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