Archive for August, 2008

Disrespecting

August 25th, 2008

Ten year old Elvis pleaded with me once he got in my car.
“Please, can we go over two blocks to see if my brother is ok? Two East Siders were threatening him.”
“Is your brother in a gang?” I asked.
“Yeah, he’s West Side, but he’s on probation.”
“Elvis, I don’t want to get involved in gang stuff […]

Gambling for a living

August 19th, 2008

Do you wonder why the market is so wildly volatile these days? I think it is because we are seeing a growing trend of money managers and specifically hedge funds managers trading like crazy and turning over their portfolio at ridiculous levels. One extreme example is Greg Coffey with GLG partners who turned his portfolio […]