The following is a guest post by John (aka The Masked Financier) who writes at TexasHoldemInvesting.com . --- The hedge fund literature is full of references to the poker exploits of some of the great hedge fund managers. This part of hedge fund lore is one of the main inspirations for the Texas Holdem Investing theory. The comments of successful hedge fund managers often refer to the relevance of...
Professional stock trading insider avows under oath: this stock market tool is NOT prohibited! This is an incredible indicator used by none other than Steve Cohen. Cohen’s firm, S.A.C., which has as its name his initials, is a billion dollar hedge fund monster. His actual trading profits have averaged approximately 70 percent per year. He [...]
As Steve Cohen prepares to be deposed in some stupid insider-trading lawsuit filed by some goddamned Canadians , we have a piece of advice for the Securities and Exchange Commission: Leave it alone. We know you think that something is rotten in the City of Stamford. We know you know that Raj Rajaratnam is way too dumb to have masterminded an insider-trading circle. And we know all of the arrows are...
If you've been following the Blue America PAC at all, you may already be aware that we've decided that we won't be endorsing any candidates for the House in 2010 unless they are genuinely enthusiastic about passing John Larson's Fair Elections Now Act ( HR 1826 ). We're not asking for some unenforceable pledge; we want nothing less than heartfelt enthusiasm. Right now Larson has 117 co-sponsors from...
The National Small College Rugby Organization (NSCRO) will be holding its 2009 Women’s Collegiate Division 3 and 4 National Rugby Championships on Nov. 21 and 22 in Cherry Hill, NJ at the home field of the South Jersey Rugby Club ( http://www.southjerseyrugby.org/ ). NSCRO was founded and organized by Steve Cohen and Chip Auscavitch. For more information about NSCRO go to http://www.nscro.org...
A few weeks ago I told you to mark your calendars for the social event of the year. At the time I said it was the SAC Capital Giant Balloon Inflation Party. I lied. The balloon blowing is still going on (this Saturday in fact) but it is not the extravaganza you need to drop all previously made plans for. Do you know what's going to happen on December 8th? I don't think you do otherwise you'd be working...
NEW YORK, Nov. 20 /PRNewswire/ -- Billionaires, millionaires, media personalities, and just plain folk will join forces to support the Mercy Corps Action Center to End World Hunger on Tuesday, December 8th at the Magic4Mercy Benefit featuring the world-renowned magician/mind reader/illusionist extraordinaire Steve Cohen. Proceeds from the event, which will begin at 7:00 p.m. with a champagne reception,...
What a day for Ken Lewis & Co.! First, one of the savviest hedge fund managers out there gives BofA a big thumbs up (take that, Steve Cohen and Jim Simons ). Next, someone we've actually heard of kinda sorta suggested he might take the Worst Job on Wall Street (BofA is, after all, a public company). Now, the very ratings agency that kneecapped UBS earlier today said it is not quite as pessimistic...
Stuff I’m Reading this Morning… Templeton’s Mark Mobius sees another 40% gain for the BRIC nations. (Bloomberg) What Are The Best Hedge Funds Buying? Including John Paulson, Steve Cohen, Steve Mandel. (PragCap) The emperors drop some crumbs: Goldman and Buffett’s plan to help small businesses. (Barron’s) 10 Most Annoying Things About This Recession. (TheDisciplinedInvestor)...
Will the indignities heaped upon Bank of America never end? It can't find anybody who is willing to step into the considerable--if dirty--shoes of the inimitable Ken Lewis . Its former CFO just got canned for helping to run GMAC Financial Services into the ground. And now, hedge funds are running as fast as they can from the pride of the Queen City . Word of Renaissance Technologies' defection hurts,...
The picture on the left is Congressman Cohen listening to questions coming from constituents shown in the photo above. The Daughter and I went to our 2nd of Steve Cohen 's Town Hall Meetings this morning. This one was held in Whitehaven, and we had heard it would be _packed_ with muggles, ummm, I mean tea-partying ringers. That turned out not to be the case, though Cohen mentioned that he had heard...
From the office of our Congressman - Congressman Steve Cohen is holding a public forum Saturday morning in Memphis, and I wanted to make sure you got an invitation to attend. He just cast a courageous vote in favor of health insurance reform. Opponents of reform will be trying to convince him that his vote was a mistake -- can you come out and show your support? What: Rep. Steve Cohen Town Hall Where:...
For most of this week, our singular mission has been to defend the most majestic hedge fund in all the land, vis-à-vis the hideous suggestion they may have been tainted by the insider trading scandal du jour. Our message has been simply this: Steve Cohen is the king, and nobody fucks with his majesty . And yet. Some people? Still don't get it. Take this story , entitled "SAC Capital Ex-Analyst...
Yesterday , together as a joint effort, we and SAC cleared the most majestic hedge fund in all the land of any possible wrongdoing vis-à-vis the insider trading case du jour. First, the firm conducted its own thorough investigation of the trades in question (and found no evidence of shady dealings). Then, we came along and finished things off with a brief but clear message: nobody fucks with...
Stuff I’m Reading this Morning… Monster industrial data and equipment orders for China and Japan, stocks, commodities higher overnight. (Bloomberg) Perfect: Under siege, Bernanke getting political and “nurturing ties” with lawmakers. (NYT) The US needs a Manhattan Project for oil. Here’s a great plan: (MarketSense) Morgan Stanley’s 9 best stock ideas. (PragCap)...
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