a hedge fund manager explains everything

Job HunterWell, a hedge fund manager explains in unique, hedge fund managerial style; which is to say, you might as well take a hit of acid, down a few fingers (say, nine) of tequila, and put on an audiotape of the Math Olympics while watching an old 16mm reel of The Candidate simultaneous with a laserdisc copy of How to Get Ahead in Advertising. It’s Fear and Loathing in East Hampton, baby, so fasten your seatbelts; it’s going to be a bumpy ride.

Well, for those of you with money, anyway. I, on the other hand, haven’t lost a cent! Ha, ha, ha! Where did I put that Janis Joplin album…?

So here, without further ado, is the simple, straightforward explanation of the global economic brainfart that just wiped out a significant, if small, percentage of the money of really, really obscenely stinkin’ rich people. Warm up your teensy, tinesy violins.

Hedge-Fund Guy Atones for
His Subprime Bond Sins

By Mark Gilbert

Aug. 16 (Bloomberg) — Dear investor, we’d like to take this opportunity to update you on the recent performance of our hedge fund, Short-Term Capital Mismanagement LLP.

As you know, market selection for the entire fund is guided by a proprietary investing tool we like to call “a dartboard.” Once the asset classes are decided, individual security selections are generated by digitizing our unique hexagonal cuboid models.

Unfortunately, it transpires that our hexagonal cuboids are not as unique as we thought. Hundreds of other hedge funds possess identical dice. The technical term for this is a “crowded trade.” You may also see it referred to as “climbing on a bandwagon already headed for the wall.”

As our alpha generation collapses, our beta has turned negative, our delta hedging has gone toxic and, trust me, you do not want to hear about our gamma. We can’t even find our epsilons in the dark with both hands…

and so on, at length. I think their bonus is calculated by the wordcount.

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Medieval helpdesk

Some things, my friends, never change. Working the technical support front lines is one of those things. Here’s the best thing to come out of Norway since…ever.

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What is nothing worth?

Nothing ain’t worth nothing…if you take their word for it.

But who’s “they“?

When they’re lying on the sidewalk asking for spare change, what they’re offering is an option: the chance to give money that goes directly to the people who need it most.

What they don’t, and can’t, tell you is whether or not they spend it on healthy foodstuffs or brewed or distilled products.

This would be why, after 25 years in Vangroover, I still never give money but DO offer food. If a beggar declines my food offer once, he’s off the list, no matter how many permutations of his hardluck story he may come up with subsequently.

There’s an old fellow (if it were PC I’d say ancient, but I’m afraid his advocates would get it all up in their noses) of Native persuasian, who sits at probably the least profitable corner in the country. Main and Hastings has, according to StatsCan, an average life expectancy of 33 years. And yet, he makes a living.

So, when I got an email from a friend, saying hey, people, ten would help, I gave her a hundred, although I am still technically on Welfare. This woman took out a loan to help me; the least I can do is spread the good fortune once it starts rolling in!

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Hired to blog: what it takes to get there

Job Hunter

It takes guts. It takes heart. It takes hard work. It takes a blog that knocks the socks (if any) or tiny ankle hairs (if any) right off the reader. It takes the ability to discard relics of meatspace like financial ambition. And it takes, apparently, a job application that looks like this (illustrations added for blog-illustrative purposes only; do not take internally or mix with other liquids):

The Romanov Family

Greetings to the illustrious Manolo, whose growing empire rivals those of the Ottomans and Romanovs, except better-dressed and without the bloody revolution part.

To say that I was excited by the blog job opening at Teeny Manolo would be to understate the case to a near-criminal degree. I am a longtime acolyte of the Manolo (and grateful recipient of the Manolo‘s linkie luv) as well as a highly experienced blogger, blogging instructor and consultant, and former nanny and retailer of clothes for teenies. During my time in the totwear trade, I was sometimes delighted by clever, practical, and attractive clothes, but more often (it must be confessed) I was appalled and shocked into bitter sarcasm by the vast tide of bogswill being passed off as proper clothing for youngsters, boys in particular.

 

What did little boys ever do to get stuck with SAILOR SUITS for Tinky Winky‘s sake? And cheap, shiny nylon sailor suits with scratchy seams that make the baby Jesus cry, or would, if he had to wear those instead of the lovely robes that Mary picked out for him on that trip to Jerusalem.

 

Please accept this application for the position of Teeny Manolo Blogger. Currently I have three active blogs: raincoaster, for my bitter ravings; running through rainthe Shebeen Club for students of my courses on blogging for personal growth; and , for my literary group (who would love to host the Manolo for an evening, should he pass through Vancouver). I average between four and twelve posts a day, and yes, I can modulate the snark at will.

 

I hope to hear from you soon: if you need an old-skool resume, just let me know. You can also check out my profile on LinkedIn.

 

Now, this application got me the job. That is all ye know, all ye need to know. But I’m going to take it around to a few of the job hunting agencies anyway and see what they have to say about it, A) because it will be payback for a lot of fascist, pointless make-work that they put me through for no other reason than that they had to do something with me and didn’t particularly care what it was (see the Operation Orwell tag) and B) it will probably give me something amusing with which to feed the blog. If you think I should feel guilty about wasting their time, I refer you back to A.

So far, the most perceptive comment comes from Mistress Cowfish, herself rather senior in the bureaucracy, who takes great delight in recognizing we are very, very 21st Century lately, in that a winning job application may now contain the expression “old-skool.

I’m not a blogger

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Star Trek and the Red Jersey of Death: the math

lolredshirts

At last a twisted genius has applied some higher math skillz to the age-old question of just how deadly is the red Starfleet uniform?

Answer: pretty damn deadly.

Probability of a red-shirt casualty= 53%
14% of fights ended in a fatality (with a 72% chance the fatality wore a red shirt)
Probability of a red-shirt “incident” when Kirk has a “conquest” = 12%

Which leads to some truly fascinating conclusions:

As the data shows, Captain Kirk “making contact” with alien women has an impact on the crew’s survival. The red-shirt death rate is higher when a fight breaks out than when Kirk meets a woman and a fight breaks out. Yet the analysis shows that meeting Kirk meeting women only happens in 30% of the missions.

Conclusion:
We can reliably improve the survivability of the red-shirted crewmen by only exploring peaceful, female-only planets (android and alien females included).

I particularly love the Powerpoint presentation. Surely, surely, those wizened old Admirals would enjoy the slides as well, for getting in those needed snoozes. Yes, the whole intricate and elegant article on the morbid red shirt is really a stalking horse, to distract you from the fact that, like it or not, you’re reading a comparative analysis of bar graphs vs Powerpoint vs pie charts. It’s as if the anonymous Fellini of the flipchart from Ross Perot‘s campaign finally busted a nerdish nut and this is the offspring.

May he live long and, yes, prosper.

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