"I save a small fortune in taxi and subway fares—plus untold hours sitting in traffic or on a subway platform—by riding my bike everywhere in Manhattan," Whitney Tilson told the Journal, which estimates you can save "at least $4,000 a year," in addition to what you spend on the gym, using Tilson's chosen mode of transport. "Plus, it's great exercise!" [WSJ]
Area Hedge Fund Manager Takes President's Breath Away
From the front lines: From: Whitney Tilson Sent: Wednesday, April 11, 2012 11:20 AM Subject: My column: "A millionaire for higher taxes" In DC, just chatted with Obama and stood behind him at his press conference re the Buffett rule. Just published the column below on the Washington Post web site. As I shook his hand beforehand, I said, "Hi Mr. President, I'm Whitney Tilson of Democrats for Education Reform. We were early supporters of yours and I just wanted to thank you and Arne Duncan for the incredible work you're doing." His eyes lit up and he said, "I remember your early support. We're making progress but we still have a lot of work to do." I said, "We'll keep fighting for you" as he was hustled out of the room to start the press conference.
Area Hedge Fund Manager: Leave Harry Alone!
As you may have heard, earlier this week the lovable scamp that is Prince Harry of Wales got in a bit of hot water when he was photographed ass naked in Las Vegas, with a bunch of equally ass naked ladies, following some sort of swim meet with Olympic gold medalist Ryan Lochte. Those photographs, some of which involved a billiards table and pool cues, were subsequently run on the covers of various newspapers and the Queen, being none too pleased, told her grandson to get on the first flight back to London (apparently in a tone so scary he knew she meant business and "did not mingle with other passengers," instead remaining "in the upstairs cabin of the 747" to think about what he'd done). While it's unclear what kind of punishment the Queen has in mind, or if she's yet delivered the sort of tongue lashing generally reserved for naughty Corgis and her subjects at RBS, in the meantime many have come to the prince's defense and advised the old lady to back off, like the hedge fund manager the Times found on the tube who thinks the Queen should relax and have a good laugh about it. She'd be doing the same thing if Prince Philip ever gave her a weekend off. Among people surveyed at random in central London, including subway commuters reading about the Las Vegas incident on the front page of the tabloid the Evening Standard, the verdict was mostly thumbs-up. “I think it’s quite funny,” said John Daniels, 46, a hedge fund manager. “I’m sure most people would like to be doing exactly the same thing, especially in Vegas. This is his own private time and people shouldn’t be taking photographs of him.” For Prince Harry, Vegas Exploits Didn't Stay There [NYT]