Psychopaths

Every once in awhile the wrong person ends up working at a Wall Street firm and lives to tell their story upon exiting. Ben Younger, the auteur behind the 2000 film ‘Boiler Room’ had, in fact, trained at one – the film is more autobiographical than you might have thought. he was an outsider and…

Investors are Liars

“Watch what they do, not what they say” goes the old Sicilian proverb Never was it more apt from an investment standpoint. Investors are telling pollsters and friends and neighbors that they’re bearish or not confident, and yet they’re buying stocks reluctantly so as not to miss out anymore. I never talk about sentiment surveys…

Dan Loeb’s Investment Process

You’re in for a treat. It’s not every day that one of the most successful and consistent investors in the game talks process. Mostly when you hear from hedge fund managers it’s in the context of doling out stock picks for a charitable conference. That’s cool too even though it’s very much a “give a…