Maybe it’s just coincidence, but there seems to be a run of particularly good humorous posts on finance-related matters. This one, “Adjusted GPA on a Pro Forma Basis,” from Long or Short Capital, is on the desirability of students learning to misreport, ummm, manipulate, ummm, position data, via how they present their GPAs on their […]
Read more...No, we don’t mean the end of the world, but the end of this credit cycle. An aside: forgive us if you found some of our posts last week sketchier than usual. We’re at a location with very erratic broadband, which makes it hard to get anything Internet-related done efficiently. We’ve run a few comments […]
Read more...There’s an old saying in poker: if you are playing the game and you don’t know who the mark is, that means it’s you. Given that investment banks like to recruit successful poker and blackjack players as traders, one has to imagine that the ability to play a chump is a useful skill in both […]
Read more...We have to admit to being a little slow on the uptake from time to time. We reported on the FT’s February 2 editorial, which commented on the publication of the first of four reports by the Intergovernmental Panel on Climate Change. (Media watch item: still no editorial yet on this topic in the New […]
Read more...Firms jealous of Goldman Sachs’ (GS) spectacular profitability often take aim at its appetite for situations rife with conflicts of interest. A few examples: in the recent New York Stock Exchange acquisition of electronic exchange Archipelago, Goldman acted as advisor to both the NYSE and Archipelago even though it was Archipelago’s biggest shareholder and a […]
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