The San Francisco Fed president, like all of his colleagues, thinks the markets didn’t quite grasp what Ben Bernanke was saying a couple of weeks ago when they started selling everything in anticipation of an immediate (if imagined) beginning of the end to the central bank’s bond-buying program. But miscommunication can have salutary effects.
Are you a down on your luck hedge fund manager who hasn’t had a good and/or original idea in a while? Did you get your face ripped off the last two years by going the wrong way on everything? Do you sense that your investors are only sticking around to be nice and/or because you […]
Earlier this week, we took a serious look at a sport beloved to a certain hedge fund in Stamford, CT: ping pong. Second only to trading and hunting humans, p-pong is the pastime that is often cited internally as the secret to this firm’s success, the practice of which has made what started out as […]