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Why do you quote Volfbeyn and the lawsuit? This concerns events and trading techniques that date back three years and have absolutely nothing to do with Medaillon's August 2007 and YTD performance. So, let's get back to the facts. What's Medaillon's return for 2007 and what's the Aug. return...

Why $70 Million Wasn't Enough With Wall Street Rules Changing, A Goldman Star Felt Underpaid Mark McGoldrick earned about $70 million in pay last year -- nearly $200,000 a day -- placing bets using Goldman Sachs Group Inc.'s money. He was one of Goldman's highest-paid employees. Turns out...

LOL You genius. He was trying to pump a 110bln market cap stock on a message board?

Not sure how FED action would influence correlation of factor based equity models. I assume it's more likely a reversion to mean after a few funds blew up/were forced to deleverage.

Of course, that's historically the best time to put money into hedge funds. Journalists know nothing about markets and alternative investments in particular.

Kinda embarrassing when people can't differentiate between different funds inside Renaissance.

I understand your reasoning but you're missing one important point. Buffet only buys into companies he can extrapolate (understand how their business will function) over at least the next 10 - 20 years. Poeple asked Buffet why - since they were best friends - he doesn't take a stake in Bill...

I wish I hadn't been right :(

Oh you mean your naked put writing strategy?? hahaha Yes, good luck with that. You're so much smarter than Buffet, Pabrai, Loeb and Lampert.

He owns oil companies since many many years (COP + PTR). COP outperformed XOM by 50%, PTR outperformed XOM by 400% over the last 5 years. I told you that before, but I am not surprised you're not listening.

Looks like the ominous 2pm EST Dax dip buyer... Really wonder wtf is going on there.

Let's not forget he also "missed" JDSU CSCO INTC DELL QCOM etc. in 1999 and 2000. I love these Buffet bashing college kids. Never made a single dollar in the markets but bashing the biggest money maker of all times. Classic.

Monish Pabrai (another value investor) believes BRK is trading at a discount of 40-50% compared to its intrinsic value. I believe he bought last year for his hedge fund and added in 2007.

Completely ruling out a cut in your own trading is a major mistake. Anything is possible.

Why "Bye bye". You blew up?

Good post. On a different note, I find it especially ironic to read articles written by journalists with absolutely no idea what they are writing about (but glowing with a lot of schadenfreude) when the are ripping the quants and proclaiming the "end of computer driven modelling". And it...

The investable indexes are know to lag the weighted, full indexes by around half the ROR% on an annualized basis. They are known to have little predictive value as they they represent less than 1% of the capital invested in hedge funds worldwide. Part of their inherent limits to perform come...

What's your point? The investable indices number are terrible for any 12 month period over the last couple years. Nobody benchmarks HF performance against this index. Why bother?

Funny the AU central bank thinks it can stem the short them effects of millions and millions of little forex accounts blowing up all over the world @ 50x leverage.

I have never heard that Buffet sold calls on any of his underlying stocks. However, I have read - he sold "portfolio insurance" covering major world indices worth ~$14bn to some pension fund or equally large institution, backed by the Berkshire Hathaway balance sheet. As far as I am...