It started with CALPERS, then a year and a half later came NYCERS, weeks after it was Buffett's turn, climaxing 48 hours hence with Stevie Cohen (of all people!). ((This hf manager rarely, if ever, talks about the markets or to the press/public … [Continue reading] about HEDGE FUND EXODUS TOO LATE, FOCUS ON WHAT’S NEXT
Whenever I see Bernie Sanders on TV and hear his proposals for income equality, all I can think is 'This is what we are going to get if we don't put something effective in place soon.' If all I have posited in the Skim and Partial Ponzi is … [Continue reading] about WHAT IS TO BE DONE? START WITH THE BOARD
While politicians and other critics have focused on stock buybacks being a poor use of cash versus investing in and growing a company, they have completely missed the boat. As have those in the business press who have concentrated their critiques on … [Continue reading] about HENRY SINGLETON WHERE ART THOU?
Let's start off with the definition of a Ponzi scheme: "An investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by … [Continue reading] about THE SKIM AND THE PARTIAL PONZI: PART II
Come gather 'round people Wherever you roam And admit that the waters Around you have grown "Sir, if you have a milkshake and I have a milkshake and my straw reaches across the room, I'll end up drinking your milkshake." - Senator Albert … [Continue reading] about THE SKIM AND THE PARTIAL PONZI