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“Ayn Rand’s ‘philosophy’ is nearly perfect in its immorality, which makes the size of her audience all the more ominous and symptomatic as we enter a curious new phase in our society…To justify and extol human greed and egotism is to my mind, not only immoral, but evil” – Gore Vidal. “Thus did a handful…
I read last night that a bunch of wealthy folks are in a stiff battle with Puerto Rico to prevent the country from declaring bankruptcy. And it sounds like the wealthy folks are predominantly hedge fund managers trying to protect there 20% return. I have to admit that my first instinct was to vilify the hedge…
Well, well, well, well…the notorious CEO of Turing Pharmaceuticals has been arrested for fraud related to his old bankrupt hedge fund company. Apparently he has been shifting money from his old drug company Retrophin to the investors of the old hedge fund company. This guy is a real character. I almost think he is a type of…
Well, they are here. Last night I was reading an article about a marketing guy saying he had an uncomfortable conversation with his financial planner: he was going to give his business to a robo planner. Some statistics were quoted in the article that the robo planners were costing between .20& to .80% of the…
Within the past week, another drug company has been found to be jacking up prices in a price gouging manner: Valeant Pharmaceuticals International. It is headed up by an ex-McKinseyite – a former consultant, a group marginally better than hedge fund managers. The company’s strategy is to buy up pharmaceuticals instead of investing in R&D….
This gets old – the company that is in or was just in bankruptcy keeps changing its books. Every month my boss does variance analysis against the budget that was created earlier in the year (and not forwarded to the sites that have to manage their money, go figure). I gather the data for her since…
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