R.I.P. Barton Biggs - "Hedgehogging" was one of my favorite reads of the past decade. My favorite Hedgehogging excerpt
He even wrote a novel: A Hedgefund Tale, he took creative writing in college. He was often in the news back during the internet stock boom days. This is the only thread on ET that mentions his passing so far. ETA: Just ordered the novel on Amazon.
Can you say 'squeeze?' Last month short sales on NYSE topped 2011 peak http://www.bloomberg.com/news/2012-...p-2011-peak-as-september-bets-lost-21-1-.html
Will read your review after I read the book, (I don't want to risk seeing a spoiler). Biggs was such a common name back during the boom of the 90's, and even beyond that he was still influential. I'm surprised you are the only one mentioning his passing on ET.
Bad news for KOL bottom pickers: Wilbur Ross sees "years of headwinds" for coal. Coal is a secular decline story, not a cyclical rebound... the economics of shale gas have radically changed things. http://www.bloomberg.com/news/2012-07-16/wilbur-ross-says-u-s-coal-is-facing-years-of-headwinds.html
So is Dan Loeb happy now that YHOO has the hottest CEO on the planet? Presumably she has better references than the last guy. An interesting special situation idea, but from a trading perspective YHOO is just too much of a hairball stock. Anyone have back of the envelope metrics on what Third Point thinks a better run YHOO could be worth?
...and she's pregnant too? Mom's gonna be busy http://bits.blogs.nytimes.com/2012/07/17/marissa-mayer-new-yahoo-chief-is-pregnant/?smid=tw-nytimes
LIBOR scandal directly implicates BOE (Bank of England). Diamond's COO: "It did not seem an inappropriate action given it was coming from the Bank of England... The government were calling the shots." http://www.bloomberg.com/news/2012-...ond-told-him-to-submit-lower-libor-rates.html
My favorite Biggs quote: The successful macro investor must be some magical mixture of an acute analyst, an investment scholar, a listener, a historian, a river boat gambler, and be a voracious reader. Reading is crucial.