Droppin' Knowledge: Tudor Can't Forgive Himself

“If trading is like chess, then macro is like three-dimensional chess. It is just hard to find a great macro trader.” Paul Tudor Jones, May 2008 There’s a great interview up on Institutional Investor with Paul Tudor Jones, one of the biggest and most successful hedge fund managers in the business.  It’s a bit dated (from…

Blue Horseshoe Worries About "Wall Street" Sequel

I just read some of the preliminary details on the upcoming Wall Street sequel from Oliver Stone over on Dealbreaker and I’m physically incapable of not chiming in on this one. I’ll quote Gordon Gecko himself to let you know how I feel about a sequel to the greatest movie about business ever made: “Mixed…

Market Recap: Build-a-Bank

[youtube=http://www.youtube.com/watch?v=egT8-06AcSY] The Reformed Broker, AKA The Pastrami King, here with today’s Market Recap… OK stocks and sectors, take one step forward if you were lookin’ good during today’s market melt-up… Not so fast, Newspapers! The 3:30 look at the Newspaper Sector: Laggards in Price Performance (Intraday) E W SCRIPPS CL A [ssp] -9.46% A.H. BELO…

King Obama and his Feudal Lords

I try to avoid being overtly political here on TRB, but something foul is afoot in our capital markets that needs to be addressed. The treatment of institutional and hedge fund bondholders in both the Chrysler and General Motors situation has one very apropos historical parallel that comes to mind, the Anglo-Norman invasion and conquest…

Market Recap: GM's a Zero

[youtube=http://www.youtube.com/watch?v=2a8skzlhxDY] The Reformed Broker, AKA The Sugar Bear, here with today’s Market Recap… OK, finally, General Motors (GM) makes it official.  They’re a Zero.  Let’s move on. And would you believe that the auto-related stocks rallied?  That’s either a short-squeeze or the finality and closure that this industry needed… Check ’em out at the 3:15 look,…

Morgan Stanley, Meet Smith Barney…Play Nice, Boys.

“Meet the new boss.  Same as the old boss” – The Who, Won’t Get Fooled Again The Morgan Stanley Smith Barney (MS) experiment is underway.  According to the AP, not much will change to start with, other than new business cards and a new phone greeting from the receptionist. The cultures of these two white shoe…

The Executioner Wore Abercrombie

Who is Brian Deese? You’re going to love this one.  He’s the latest heartthrob out of the Obama administration who’s been called up to run the GM bailout/ bankruptcy/ clusterf&ck.  And he’s, like, 31 years old. From the New York Times: A bit laconic and looking every bit the just-out-of-graduate-school student adjusting to life in…

Creativity vs. the Quants

It was only a matter of time… From the New York Times: (Advertising firms) are bringing some Wall Street-like analysis to Madison Avenue, exploiting the huge amounts of data produced by the Internet to adjust strategy almost instantly. So now instead of someone coming up with the next great tagline or catchy ad slogan, the…

John Mauldin: An Unpayable Deficit?

John Mauldin‘s latest newsletter, entitled This Way Be Dragons (Thoughts from the Frontline), tackles the big problem that the bulls don’t want to think about yet: How will the $1.2 trillion deficit we’ve got in the oven ever be paid off? While Obama gives lip service to cutting the deficit in half, his actual budget…

Hot Links: Bling, the 90's, Wharton and American CEO's

Hot Links for Weekend Reading… What was the best post of the year in each of Knowledge@Wharton‘s first ten years? Here’s what David Merkel of the Aleph Blog thinks are the thirteen most important aspects to our current economy. The Wall Street Journal needs to look itself in the mirror after this one: The Bling Culture…