Write-Offs: 1.25.16
$$$BlackRock Says Clients Are Shifting Away From Stocks [Bloomberg]
$$$Morgan Stanley Names 156 Managing Directors in Latest Class [Bloomberg]
$$$A Colleague Drank My Breast Milk and Other Wall Street Tales [NYT via Matt Levine]
$$$Dov Charney Just Lost His Best Chance to Take Back American Apparel [Bloomberg]
$$$New Yorker Posts Brooklyn Igloo on Airbnb During Blizzard, Only $200 a Night [NYM]
$$$Billionaire battle: Bloomberg's worth versus Trump [CNBC]
$$$Short-seller Carson Block launches hedge fund [Reuters]