This morning I had the pleasure of attending a hedge fund industry event where the featured speaker was Gregory Zuckerman, the author of The Greatest Trade Ever. I was one of the few in the audience who had not yet read the book but a lot of what was discussed has already made it’s way into…
Sub Prime
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…
Deadbeat Biker Gangs and Retired Dentists
It will come as no surprise to you to read that people who bought Harley-Davidson (HOG) motorcycles with sub prime loans have started to default on their payments. What? Yep, the crisis has finally gotten ugly for the biker set. From the New York Times: In a pattern similar to that of the housing bust, Harley…
