Is too much enough?
The news this week and last of a “new” insider trading scandal has, according to the popular press, sent shockwaves through the hedge fund industry. And while the jury is still out on whether any of the allegations are true, my question is not about guilt but about when enough is enough. And was Gordon Gekko right when he said that it isn’t about money, it’s about keeping score? To many the answer, unfortunately, seems to be that too much is not yet enough. And while I am about as die hard a capitalist as you can find, if this is the face of capitalism, I question its future. It […]
It’s The Process…
As the market continues it scamper skyward, it seems that everybody wants to get back into the game. The questions about fund managers have been running rampant for the last week or so. Everybody is trying to figure out who is and who isn’t worthy to handle their assets. I don’t see that I have the skills needed to manage portfolios or to make investment decisions on individual positions but instead I believe that my skill set is more suited to picking managers. So when tasked with these questions, I’m happy to provide what if any answers I deem appropriate. It all comes down to process. I don’t know of […]