I think it would be interesting to see a list of traders that have lost the most money in their lifetime. This fellow would certainly make the list.
When thinking about people who blow up from too much leverage, I am reminded of this great quote. I mean, have you ever heard anyone say in the morning, man I wish I had more to drink last night, I could have used a few more shots of tequila. . .
“We never repent of having eaten too little.” – Thomas Jefferson.
A new multi-strategy hedge-like mutual fund launches: Anchor Multi-Strategy Fund (AMSGX).
Strange – my white paper over on SSRN has been downloaded almost 9000 times, which puts it in the top 50 dowloaded papers ever (out of about 140,000). And this entire time no one emailed me the spelling and grammar mistake? Maybe they are just downloading it and using it for fire starter. . .(Uploaded the official version today.)
In the mail : A Splendid Exchange: How Trade Shaped the World by Bernstein.
Did you take Vitamin C, err I mean Airborne, in the past few years? Well, they just lost a lawsuit for making unjustifiable claims about curing the flu or something – claim your $40-$60 here.