Markets need to be liquid…
Markets work when they are liquid – without liquidity -well – we all know what happens. Flash crash or not, it is questionable if high frequency traders (really computers) and the hedge funds they work for are the reason for the massive dip back in May. However, Washington wants to blame the machines and the people who run them. The Managed Funds Association, a leading hedge fund trade group, has been working to make sure that any new rules regarding high frequency trading make sense. The groups goal seems to be to make sure that the the SEC and CFTC do not simply make rules to make rules but rather […]
Get off the dime.
Getting off the dime is the most important piece of any successful business launch. Pulling the trigger is the hardest thing for even the bravest of entrepreneurs. And it is hard, agonizingly hard, but it’s what separates those who do from those who don’t. Over the last ten years, I’ve had the pleasure of meeting many people around the globe who have and have not been able to pull the trigger, both in the hedge fund world and beyond. The ones afraid of pulling the trigger I call the “I’m gonnas”: “I’m gonna launch a fund,” “I’m gonna raise assets,” “I really am gonna quit my job and go out […]