Tuesday, December 9, 2008

Up 50% on the year.

http://nymag.com/news/business/52754/
Fun article to read. I remember trading when Baldwin went down and it considered a bomb shell. Along with the Milken in the 80's.

“People who lose money always need someone to blame,”
So true it hurts.
“The sense of entitlement that everybody has because nothing has gone wrong for them is frightening to me,”
Easy to make money in a bull market, but the real men make money with the bears, everyone else ends up mauled for life.
Short-sellers weren’t responsible for the crisis

Fudge the book, pay the price.

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