The Blog!
The Blog! is HEDGEAnswer’s weekly column that provides color and commentary on the hedge fund industry, the economy, politics, and other topics of interest.
Daniel Strachman riffs on all the subjects ranging from how money is managed and due diligence to the nerve of restaurants charging for refills of iced tea and corporate America’s attempt to fee its customers to death.
The SERIES:
Upcoming Sessions
The Sessions aim to educate investors, advisors, brokers and enthusiasts about how money is managed (Strategy) and offer advice on new regulation, guidance on marketing and compliance and answer your questions about how to launch, build and grow a successful hedge fund business (Launch). Both are virtual teleconferences that offer real-time participation and podcast download.
What a bunch of nonsense…
November 29, 2011
Black Friday, Cyber Monday, Twofer Tuesdays, Wacky Wednesdays and Thirsty Thursdays. What a bunch of nonsense!
Things are in a sorry state when the lead story on the news is how much more crap was sold this year than last and how buying stuff is going to stave off the double-dip recession, increase employment and fix all that ails the economy. I don’t know about you, but I am sick and tired of hearing that the only thing we can do to fix the economy is to spend money. Buy this or buy that and through this unselfish act the world will be a better place. I say baloney…
We need to get people back to work. We need to retrain workers, prepare students and get people thinking about putting in a day's work to provide for their families. Just buying stuff is not going to get the job done. Education, retraining and commitment to job growth are the only things that will get this country moving again. Buying stuff is just throwing good money after bad and putting off the inevitable.
HEDGEAnswers' next Launch Session Call is December 7 at 10 a.m. The call has been rescheduled from November because of a death in the family. There is still plenty of time to get in on the discussion. Click Here to register. The call is going to be chock full of information on how to launch and grow a successful fund. Don't delay register today!
Read More »To Link In, or Not to Link In – This Is Part Two
October 31, 2011
First, I apologize for not writing over the last couple of weeks. I’ve been preoccupied with finishing the Second Edition of The Fundamentals of Hedge Fund Management. I handed in the book today, so now I have plenty of time to resume my blogging activities. Also, I apologize for the last post being one about Star Jones. Okay, now that I have completed the pleasantries, on to business: They say that if you live long enough, you’ll experience everything. Well, a week ago, it happened.
I got a very simple, not elegant, email from someone I went to college with. I knew the person, not well; I don’t think I spoke with her more than once or twice in the four years I was at Clark. Nonetheless, she emailed me about a business opportunity. Being the curious person I am, I emailed her back and told her to give me a call. What a mistake. It turns out that she’s an unhappy schoolteacher who has decided to get into reselling electricity. According to her, it is a great opportunity and if I had thirty minutes she could come by the house and explain how I too could get in on this ground-floor opportunity.
Needless to say, I passed. Do I need to say more about Linking In or not? I don’t think so.
The good news:
We are about to launch the new HEDGEAnswers portal. After many years of thought, comments and hard work, we’re just a few weeks away from going live. If you’re interested in being part of the beta of the new site, please contact me.
The next HEDGEAnswers Conference Call is scheduled for November 16 at 10 a.m. The recent news coming out of the SEC and the… Read More »
Wonders never cease…
October 05, 2011
I can’t believe this post is coming out – I agree with Star Jones.
On a recent segment on the Today Show, Jones, along with Donnie Deutsch and
Nancy Synderman, were asked by Matt Lauertheir thoughts on the “Fat Tax” that went into effect on Saturday in Denmark.
The tax is applied when saturated fat content exceeds 2.3% of the total content of the food. The formula, the food police say, will increase the cost of a bag of chips by 12 cents and a hamburger by 40 cents. The idea is that if it costs more, you won’t buy it. However, it is really an attack on the rights of the good people of Denmark.
Well, Deustch and Snyderman applauded the new tax, calling it a great move that will cure obesity. Jones said it was outrageous and she questioned the long arm of the law and government’s continuing involvement in the lives of its citizens.
I never thought I would say it but, well done, Ms. Jones.
Read More »First Howard Stern, now Hedge Fund Managers…
October 04, 2011
Being able to think clearly and process information quickly is something that separates good traders from bad traders. Understanding odds, strategy and potential outcomes are the tools of the trade for those making both short-term and long-term investment decisions. These skills and others can be learned not only in a classroom or by interning at a fund or sitting on trading desk, but also with a deck of cards or a chess board. Learning to play games that make you think, strategize and focus can help you become a better investor. It may also help you become a better entertainer.
In recent weeks, hedge fund managers obsessed with chess and bridge have been profiled in a number of publications. Any recent listener to the King of All Media has heard him speak at length of his exploits in the game of kings. Followers of the Oracle of Omaha and many other Wall Street titans know of their love of Bridge. The World Series of Poker often features hedge fund folks and actors, includingJason Alexander and Ray Romano. What does it all mean? Simply that being good games that make you think will help you in your career and can provide you with the tools for success. The recent New York Times article on how chess prowess got a budding hedge fund manager’s foot in the door at Read More »
The snarl is gone…
September 26, 2011
The UN has left the building, or least the island of Manhattan. My take, after reading the coverage in a number of newspapers over the last week or so, is that nothing was accomplished other than snarling midtown traffic . Of course, I didn’t expect much – which is a sad reflection on the power and prestige of the United Nations today. Maybe I’m wrong, but it seems like a body whose time has come.
The big news this past week was, of course, The BernankeTwist. Not to be confused with a children’s game or theChubby Checker song, this is an effort by the Federal Reserve Chairman to spur the economy. Looks a lot like rearranging deck chairs on the Titanic to me but, hey, I am not some expert on this stuff, just an observer. Needless to say, something has to be done to fix the economy. Perhaps this will be the start of the great fix. Let’s hope so – we need it.
In a few short weeks we will be re-launching theHEDGEAnswers website and rolling out our community and portal into the hedge fund industry. The new site comes with lots of bells and whistles, all geared toward increasing your, my and our knowledge… Read More »
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