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 future is bright…
September 08, 2011
As the summer winds down with the economy in tatters, it seems that people are asking how much longer can we deal with what seems like one crisis, natural or manmade, after the other? The answer is lots. Our resolve is strong and our future is bright. I know this because I have seen it first-hand.
Recently, I began teaching a financial management course in the undergraduate program at Rutgers Business School. The class is full of smart, thoughtful, and interested students who seem to really care about learning. So far they want to work hard to get ahead and I think it is a sign of good things ahead. Granted, it has only been a week – but so far, so good.
Last night the Republicans vying for the top job in the United States squared off in one of many debates.
I watched a bit of it and was thankful for one thing – they did not act like children. Their answers, while not all that articulate and full of the standard fluff, seemed to be a bit thoughtful. Tonight the President will address a joint session of Congress to detail his plan for reviving the economy. Something needs to be done to bring jobs back home. Hopefully he will have some good ideas and not focus solely on… Read More »
To Linkin or not Linkin – That is the question…
August 17, 2011
Lately, it seems that I am getting bombarded by requests to be added to this person’s network or that person’s network by people who I have no interest in networking with. It seems that people from as far back as my elementary school days – I went to Brophy Elementary School in Framingham, Massachusetts — have found me on LinkedIn and other social networks and want to be “friends.” Many of these folks are people I wasn’t friends with 20-odd years ago, so I don’t know why they want to be my “friend” now. Nonetheless, the requests continue to come.
Here is the problem: I don’t want to LinkIn to these people and become their “friends” and I bet I am not the only one who feels this way. If I wanted to be connected to them, I probably would have made an effort to find them before they found me. After all, getting in touch with people and talking to them is sort of what I do for a living. It is not that I am not curious about what is going on in their lives, how many cats they have, what they had for dinner or that their kids are now being toilet trained – OK, I am not curious about this or anything else about them. The problem, I have found, is that in an effort to not be rude I end up accepting these people into my network and becoming their “friends.”
Is this wrong? Perhaps it is not being social-network honest – I’m not sure that it is right – but nonetheless it is what I have been doing, so if you want to get in touch, find me on LinkedIn and we can connect – but please don’t tell me about… Read More »
No story about the downgrade here…
August 10, 2011
Unlike other folks who have been devoting enormous amounts of text to Standard & Poor’s downgrading of the U.S. debt, I have decided to say nothing about it. After all, what can I say, except to repeat previous posts about the problems with the rating agencies? Not again… I mean really, what can I add to the debate that good folks at The New York Times, Wall Street Journal or Financial Times haven’t already covered?
While downgrading the debt concerns me, what concerns me more is a conversation I overheard on the Q32 bus yesterday in Manhattan. I know, you can’t believe what you read, did he say bus? Yes, I did. Many of you know I love taking the bus in the City. I think it is a great way to travel and seeNew York. Yes, I know, it may take longer and the routes often seem confusing (not really, see, they operate on a grid), but it is still in my opinion the best way to move around town if you aren’t in a hurry – and it doesn’t smell.
Anyway, I overheard an older couple – my guess in their sixties – talking about the Read More »
One more thing about the debt ceiling debate…
August 04, 2011
Whether you love him or hate him, you’ve got to respect him…
The person I am talking about isChris Christie, the RepublicanGovernor of the Garden State. The man who is clearly not a man of all the people in New Jersey – take note of the many anti-Christie billboards that line I-78 and the New Jersey Turnpike –but love him or hate him, you have to respect his ability to say what is on his mind.
His comments about the gridlock and idiocies that surrounded getting a deal done to raise the debt ceiling were refreshing, in light of the endless drivel that the DC crowd unleashed over the last week or so as this nail-biter finally came to a close. Have you heard this clip that was running on NPR?
“What the hell are they doing down there? They don’t talk to each other, they talk at each other. If we ever did that in New Jersey we’d be run out of town on a rail.”
I can’t think of any other politician who has the stones to tell people what he thinks and let the chips fall where they may. Sure, he’s been called a bully and not everything he has done… Read More »
Disgraceful, disgusting, and despicable…
July 29, 2011
Disgraceful, disgusting, and despicable are the only words that I can think of to describe the government’s ruling that it won’t provide health care and additional resources to 9/11 responders who’ve developed cancer since that day almost a decade ago. For those of you with a short attention span, these are the people who ran into burning and collapsing buildings to save people as hell was unleashed around them, the first responders who dug through the rubble bit by bit on their hands and knees, handful by handful, searching for remains of the thousands murdered in one of the most horrible tragedies ever to hit the United States of America.
In short, they are the good guys and they are getting screwed.
Earlier this week, federal officials announced that first responders who have been stricken with cancer will not get help from the government for their illness, because it cannot be directly linked to the terrorist attacks. The National Institute for Occupational Safety and Health has determined that there is too little scientific evidence linking cancer to time spent amid the dust and wreckage and prolonged exposure to whatever was in the air at Ground Zero during the rescue and recovery efforts.
How is… Read More »
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