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.
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The problem with technology!
September 30, 2012
I apologize for not writing in the last few months. I have no one to blame but myself, even though I have a lot to say. The problem is that I just don’t know how to say it. That being said, here goes:
Over the next few months, you will notice a significant change in the tone and content of this blog. From now on, I am going to write solely about things that drive me crazy. This could be things in the political arena, locally, nationally and internationally, or it could be things on Wall Street, in hedge funds, mutual funds, markets and interest rates. Most likely, though, it will be things that really irk me day to day.
The reason for this post’s title is because, well, folks, I have a problem with technology. I am sick and tired of people being more tuned into their phones than they are into the world around them. Recently I was in Hale and Hearty at Third Avenue and 43rd waiting in the salad line, when I observed the atrocious behavior of a woman ordering her salad while texting and listening to something on her phone. The woman had the audacity to criticize the chef because she put too much dressing on the salad. The customer, it seems, did not hear the chef ask about the dressing. The customer stormed off in a huff leaving the salad. So, because she was texting and listening, this customer wasted the time of the chef, the time of all the people in line -- including yours truly -- and wasted the food. Hope the text was meaningful.
We need to stop this madness. Texting, talking and e-mailing has gotten out of the control. The evil genie is out of the… Read More »
We need get mad to avoid being SAD
May 07, 2012
Ladies and gentlemen, I want you to get mad. With the start of summer just around the corner and the spring flowers in bloom, we need to get mad in order to avoid SAD: self-assured destruction.
Many of us remember the Cold War acronym MAD, for mutually assured destruction – the military doctrine that the use of weapons of mass destruction by each side assures the destruction of both, making victory meaningless. Well, now that the Cold War is dead and buried, we need to be thinking about SAD, the inability of the United States government to stave off another red threat from the east – China.
As things stand now, we are headed on a course that will destroy this country. The Chinese have taken our manufacturing jobs, stolen our technology and continue to manipulate the global economy for their benefit.
Washington needs to stand up to this threat and start playing offense instead of defense. It seems that both the Executive and Legislative branches are more interested in calling each other names than actually dealing with the problems that threaten the American way of life.
Something needs to be done and done now. In the next few weeks, President Obama and Governor Romney will begin duking it out over everything from gay marriage and abortion rights… Read More »
The Mommy State
February 26, 2012
Rule number one – sometimes you lose and don’t get a trophy. Rule number two – when you lose and you don’t get a trophy remember the feeling, work harder next time and if still lose, repeat and do it again eventually you should win. However, everyone is not entitled to a trophy! Do you hear that soccer moms and dads across the land? We are raising a bunch of kids that simply think everyone gets a trophy no matter if they win or lose. There is a growing sense of entitlement among kids today that they deserve something shiny just for showing up and putting on their cleats. Well ladies and gentlemen this is just plain wrong. We need to start educating and raising our children to understand that in sports as well as most other things there is always a winner and a loser. I am not advocating losing, rather just the opposite, I am advocating teaching young people that they need to focus on winning and if they lose, they need to figure out what didn’t work, fix it and try again. Maybe I am crazy to think this way but, I don’t think so.
I know I have been away from the blog for some time. However, my only excuse is that I am finishing up a new book and that has taken all of my creative energy. The book is now done and I am back in action.
Stay tuned more to come…
THINGS THAT DRIVE ME CRAZY:
People who let their kids in the pool with diapers – not swim diapers – make me sick. Recently, we were down in Orlando at the Nickelodeon Resort and I witnessed this first hand. A person… Read More »
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 »
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