As promised, I asked Larry Summers what he does for D.E. Shaw. Being the hedge fund guy that he is now, he wouldn’t tell me anything on the record. But I can quote from the D.E. Shaw press release announcing his arrival:
Dr. Summers will be involved on a part-time basis in various strategic initiatives and high-level portfolio management
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There’s a great story in today’s Wall Street Journal (you have to pay to read it) about the brouhaha surrounding ousted Citi wealth-management boss Todd Thomson‘s expense accounts. He was taking Maria Bartiromo to dinner at Daniel (danger, cubicle-dwellers! site plays music!), flying her around Asia, and–most impressively, by my …
A commenter to my post on hedge funds argues that since Larry Summers is an economist, he’s not necessarily just hedge fund window dressing. Larry’s not just an economist, he’s one of the great economists of his generation. But I still don’t believe David Shaw hired him for advice on arbitrage strategies. That said, I’ll send Larry an …
So I didn’t actually watch the State of the Union address, other than the Dikembe Mutombo moment. Veronica Mars had a monkey to find, Alabama was playing Auburn in basketball … Plus, I got out of political reporting a long time ago in part because I really can’t take speeches.
Still, I am capable of doing a text search, and so I did …
Daniel Gross has a new piece up on Slate about all the former big-name government officials joining or starting hedge funds. He lists a few (Madeleine Albright! Larry Summers! John Snow! Former SEC chairman Richard Breeden!), then writes:
Let’s set aside the question of whether the arrival of politicians is a neon sign to hedge-fund
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In his paean to Webcomic Achewood the other day, my fellow time.com blogger Lev Grossman mentioned in passing that “I always loved comic strips—that was the sole reason my family ever bought the Boston Globe growing up.”
That got me thinking. There’s been a ton written about how Craigslist is wiping out the newspaper classified …
As of today, I write for Time, and the Curious Capitalist is back. I’m finding it a very strange experience to start work at an actual news organization after being immersed for weeks in the (re)writing of a book. I haven’t been reading newspapers, I’ve barely touched the telephone, and the only places on the Web I’ve been going to …
So there it is in Keith Kelly’s column in today’s New York Post, the news that this blog (which has probably had about 10 readers in the past month, since I ‘ve had my head in a book and haven’t been posting) is leaving Fortune.com (and CNNMoney.com) for Time.com. Kelly fails to mention that I’m also leaving Fortune magazine to write a …
Okay, so I said I wasn’t going to be posting much. But this is too good not to share:
I got a DHL Express Letter the other day sent straight from “Samsung Main Building” in Seoul. What could be so important that the Korean electronics giant would spend $30 or $40 to get to me? (According to the DHL website, it would cost me $44.10 to send …
I haven’t been posting much lately, and won’t post much (if at all) over the next few weeks because I’m taking some time off to finally really and truly finish the book I’ve been working on for the past few years.
The book is tentatively titled The Myth of the Rational Investor, and it grew out of an article I wrote for Fortune‘s annual …
Unlike my friend and fellow CNNMoney blogger Roger Parloff, I don’t spend a lot of time reading legal documents. But I’m still pretty sure that the “Findings of Fact and Conclusions of Law” issued last night by U.S. District Judge Loretta A. Preska (and passed on to me this morning by a friend) in the case of Mastercard (MA) v. FIFA were …
The American Enterprise Institute, a conservative Washington think tank, has just relaunched its magazine (formerly known as–get this–“American Enterprise”) as The American.
The editor is James K. Glassman, who will never be able to escape the fact that he co-authored the book Dow 36,000 in 1999 but is otherwise a pretty great …