Insider Trading: ‘Tis the Season

After returning from three strip malls, Phoebe Jenkins kicked off her shoes first thing. Right there in front of the kitchen sink. She was exhausted from the holiday crowds—all the pushing and shoving, the occasional hip check or two. Her swollen dogs were...

Harvard Hockey and The Gods of Greenwich

The New York Times ran an article today about Philip Falcone of Harbinger, Douglas Hirsch of Seneca Capital and two new partners at Goldman Sachs. Here’s what NYT had to say: They are part of a larger club in Manhattan: Ivy League hockey players who have traded...

Behind Closed Doors: The Gods of Greenwich

Ever wonder about the things or places mentioned inside a novel? There's some really great wine featured inside The Gods of Greenwich, not to mention cabinets to keep the bottles happy. And the story takes place primarily in three locations: Manhattan,...

The Mulligans of Hedgistan

With the Dow trading over 10,700 again, the crisis of 2008 is growing long of tooth. Investors are growing short of memory. And many hedgies, who shuttered their funds due to performance, are making a comeback. Here's an example of what the The New York Times...

Financial Fraud Handbook: How to Lose $100 Million

Step One: Don't ask questions. Step Two: Wire $100 million to outside bank account. Step Three: Repeat as necessary. Sixty Minutesran a terrific segment about Marc Dreier yesterday. He masterminded a Ponzi Scheme that totaled $400 million and funded his...