Now we have Valuewiki, a reader-built knowledge base for Wall Street confidence men to steal the money that we’ve neglected to spend on Jack Daniels and Oxycontin. The site works much like Wikipedia.org — anyone can contribute and edit existing articles. Theoretically, if a whole lot of savvy Wall Street types have identified an undervalued stock, then the stock is truly undervalued.
What we don’t get — what we will never get because we were born without a brain — is [...]
Posted in The City on February 11th, 2007 | 
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hedge-funders in jail
Controlled Greed is a Virginia-based blog that specializes in identifying undervalued stocks, says editor John Bethel. That we spent time reading his blog is good reason for you stay far away from us and John Bethel’s picks. Financially-speaking, we have always been wrong. In fact, Recharger is broke because he invests all his dog bones in Vita Creamed Herring and Chinese take-out. Nevertheless, he will share Mr. Bethel’s current holdings (all, we assume, undervalued stocks) with you. Whatever happens, don’t [...]
Posted in The City on February 9th, 2007 | No Comments »
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hedge-funders in jail
You heard it here first. John M. Angelo and Michael Gordon, chief honchos of meglo-hedge fund Angelo, Gordon & Co. (which describes itself as “specialists in non-traditional investments” and manages $12 billion in assets, and, we kid you not, has cornered the market on paintball supplies) are the first hedge fund clones. After years of toil, South Korean scientists duplicated the C.E.O. (not sure which one), thus halving his wealth and his season Yankee tickets.
Are you listening, S.E.C.?
Posted in The City on January 18th, 2007 | No Comments »
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hedge-funders in jail Michael Gordon ohn M. Angelo
We don’t know a derivative contract from an IPO, but we do have some idea how much $5 billion is–roughly 5000 times what we’ve earned in our best year. $5 billion is how much hedge-funder Brian Hunter lost for Amaranth Advisors in a single week. As Trader Mike points out, that Hunter was given so much leash to gamble investors money was freaky, considering he had already blown $51.2 million for his previous employer, Deutsche Bank.
According to the New York [...]
Posted in The City on January 13th, 2007 | No Comments »
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hedge-funders in jail
RECHARGER WANTS TO KNOW — ARE WE ALL SUCKERS? Can we not tell the difference between an Academy Award and a Nobel Prize in economics? Reading an account of the book When Genius Failed on Underthecounter.com, gets us thinking: could we, with the right canine grooming, a serious suit from Barneys, and a strong bark, make a $2 million Christmas bonus despite having led investors into one of the biggest debacles in financial history?
Take Myron Scholes, half of the [...]
Posted in The City on November 24th, 2006 | No Comments »
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freakonomics hedge-funders in jail Myron Scholes
