エイプリル・フール ニューヨーク・タイムズ
When I read the Op-Ed titled “How Hedge Funds Held Argentina for Ransom,” at first I thought The New York Times was publishing an April Fool’s joke. Once I got into the meat of the piece, though, I found out that I was wrong. The Old Gray Lady was continuing its chorus of anti-hedge fund, anti-capitalism, pro-big government and responsibility-shirking with a piece by Martin Guzman and Joseph E. Stiglitz on how “greedy” hedge fund managers took advantage of a country that could not pay its bills or act responsibly fiscally. These two leading thinkers of our time have clearly bitten off more than they can chew with this latest […]
人は他人の失敗を喜ぶ
The recent news of the continued troubles at Valeant and hedge fund manager Bill Ackman’s losses in the stock have gotten many people excited. Lots of investors and other hedge fund managers are metaphorically screaming, “I told you so.” They’re even excited that Mr. Ackman is on the losing side of the trade while they’re on the winning side. Well, the jury is still out on what will happen with Valeant and what its long-term effect on Ackman’s fund will be, but one thing is clear: Investing is a blood sport and when the sharks smell blood, they pounce. Still, I think the real story is volatility. Market volatility has […]