Score One (Zillion) Points For The Gutless Hypocrites!


I know we work up a lot of righteous indignation on behalf of the short selling community over the ass backwardness that is the ban. All of it it warranted-- especially that which is thrown at people like the proprietors of GLG and Man Group-- but this might actually be the last time we act as a proxy for the particular injustice that is the Long Only Suction. Because it will probably be difficult if not impossible to top the richness of this latest episode. AMB Property (an Industrial REIT) was not one of the original Lucky 799. Since the barrier to entry was non-existent, the company requested it be added to the list last Monday. Then on Wednesday, it oh so coincidentally decided to slash earnings guidance for the remainder of the year (which, we're told, they did on a property tour in Europe that unless you were on or listening in on the internet probably didn't notice). And on Friday night, AMB proclaimed with flourish that they wanted off the list because, they told The REIT Newshound,* "It didn't feel right. We believe we're a good company and if someone wants to short us that's okay."
*Which is apparently "The Page Six of the REIT world."


Harvard Business School Alum Has A 4-Point Plan For Fixing The Election Process In The United States

On November 6, 2012, as the results of the presidential election rolled in, a member of the Harvard Business School Class of 2010 considered ending it all. "The thought crossed my mind to jump off my penthouse apartment balcony," he wrote his fellow classmates yesterday. Sure, he had a lot to live for: friends, family, the earthly delights afforded to him by living in Southern California ("surfing, mountains, 78 degree sunshine, and hot babes everywhere"), as well as a new company and all that came with it (relationships with celebrities that straddle the line between "friend and service provider," as well as invites to "the VMAs and private concerts in Vegas"). But he also had a lot of reasons to be good and angry at the world, including but not limited to: the state of California being "filled with so many hippie liberals" he just might snap and in doing so "choke out a street bum," people who "sit around with their hand out and expect to be fed," and, most vexingly, the reelection of Barack Obama. And while he did not in fact end up leaping from his penthouse balcony apartment that night, make no mistake, he was and is exceedingly pissed about the direction this country is going, which is south on the Pacific Coast Highway right straight to hell. And whereas the endless stream of bums and hobos and hippies he encounters each and every day the second he steps out of his penthouse apartment probably would take the easy way out, because that's what they do, he's better than that. So instead, he went to bed, got up, sat down at his computer and channeled his anger into something productive: a list of suggestions for how we can get America back on track and in four years, rest it from the hands of the commie holding it hostage, like forcing candidates to use bullet points and telling people who don't believe in capitalism to pack their shit because in 20 minutes a van is coming to ship their non-contributing zero asses off to a country where it's not actually a "privilege" to live. First, though, some life updates, because it really has been too long.