October 31, 2020
Don’t be in malls. If you’re already in malls it’s already too late.
Anonymous Hedge Fund Manager (I)
Because in the end the way you make a ton of money is calling paradigm shifts, and people who are real finance types, maybe they can work really well within the paradigm of a particular market or a particular set of rules—and you can make money doing that—but the people who make huge money, the George Soroses and Julian Robertsons, they’re the people who can step back and see when the paradigm is going to shift, and I think that comes from having a broader experience, a little bit of a different approach to how you think about things.
December 16, 2010
I made a lot of inaccurate predictions in the book, which we left in. I guess honesty’s important.
HFM Redux, Part Two
December 15, 2010
I was glad the reviewers didn’t savage us… I was a little surprised, given the mood about finance and financiers.
HFM Redux, Part One
July 28, 2010
Then the next review, it’s gone down one or two. Eventually, it approaches their personality.
Hiring and Firing
July 2, 2010
Shouldn’t we call the police? The regulators? Why aren’t the regulators looking?
Mayfly
June 25, 2010
You would look to the courts for vindication, but in difficult times the damage that’s done may be irreversible.
Bullies and Bankers
June 24, 2010
There’s so many obvious opportunities to invest and really increase efficiency. Physically invest.
African Outtake
June 23, 2010
Look, bubbles create other bubbles, they’re like derivative bubbles.
A Bubble in People
June 22, 2010
So it was quite obvious to professionals that this guy was a fraud. But the source of the fraud, there was some disagreement.
Who Made Madoff?
June 21, 2010
The developer got the money from a bank. Where did the bank get the money from? The bank got the money from a depositor.
Who Spent the Money?
To buy credit protection on US government debt now costs you more than to buy credit protection on Campbell’s Soup!
