The Luster Is Not Lost…
Is the bloom off hedge fund manager John Paulson or should I say the shine? If you read recent reports about Paulson and his gold fund in the Wall Street Journal and The New York Times, one would think the sky is falling and his mine has run dry. It seems that Mr. Paulson has had a hard time raising money for his gold fund and people are wondering why. Here is my thought on this so-called news – it is nothing. Mr. Paulson clearly has what it takes to make money by zigging when the markets are zagging and vice versus. His skill and conviction in his strategy and […]
The Lords have spoken…
The House of Lords believes that proposed regulation by the European Union threatens the stability of the financial markets, according to a recent report by Reuters. The lawmakers think that in order for regulation to work, it needs to be uniformed and signed off on by the powers that be across the globe. Sounds a bit like all for one and one for all to me. When was the last time that worked? Well guess what, regulation – is not the answer – the answer is get rid of corruption, get rid of back room dealing and get rid of the favoritism. The collapse or near collapse of the financial […]