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 […]
And now for more of the same
Another crazy week everywhere: the markets, politics and not least the future of the republic. We just can’t catch a break. Republicans are slicing each other to shreds in the fight for their nomination, a smaller number of Democrats are doing the same, and before you know it, the two survivors will be kicking each other in the groin in the fight for the highest office in the land. And even more metaphorical (we hope) blood will be shed in the struggle over who is to succeed the late Antonin Scalia on the Supreme Court. That sort of thing in par for the course in New Jersey, where the Legislature […]