Doug Kass said on a real money blog that he had been in an accident yesterday in Palm Beach. He was Kass' partner for a while.
http://www.thestreet.com/p/_tscs/dps/cc/20070904/columnistconversation1.html#entryId10377694 Seth Tobias died yesterday in an accident in Palm Beach, Fla.
I thought he lived in Lower Merion. Wow, what a shame... [If a heart attack] So many lives could be saved if this demographic would get a doppler and take some statins.
If this story is real then this is a bit strange... Quoted in the WSJ yesty Investors Hope This September Isn't Forgettable Month's Bad History Adds to Trading Unrest; Waiting for a Rate Cut By JUSTIN LAHART and PETER A. MCKAY September 4, 2007; Page C1 Many Wall Streeters head back from their Labor Day break hoping the financial market pains of July and August will be over. Bankers have a mountain of low-grade debt to sell in the next few months. Investors have a long list of stocks and bonds to pick through that are much less expensive than they were a few months ago. Yet the setting is fraught with uncertainty. If the market is going to get back on its feet -- hardly a sure thing -- some tricky questions are going to need to be resolved soon. Will the Federal Reserve cut short-term interest rates, something that seemed unlikely just a few months ago? How will homeowners respond to tightening mortgage credit? Are any more bombs ticking on the balance sheets of hedge funds or banks? Will investors buy the billions of dollars of buyout-related bonds and loans about to come to the market? [chart] That could help decide whether history repeats itself and September follows its traditional pattern of being a down month for stocks. "People are tired and they're going to reassess what kind of exposure they want," says Seth Tobias of hedge fund Circle T Partners in New York. "I think you're going to see a reduction in risk profiles."
Whats "strange" about it? People have accidents all the time and its obviously not widely circulated news yet, but a number of people who know him (including Cramer) have made public mention of it, so I dont see how you could delude yourself into thinking its not true. We all have our day. In any case, I'm sorry it happened to him and wish his family the best (not that it matters much since I might as well be the man on the dark side of the moon to them) Brandon
yes, within lower merion township. there is an upper merion township also--different demographic. he has recently constructed a large home in Gladwyne. surf
Not "Deluding" myself in any way just pointing out how strange/ironic it is that the day he's qouted in the WSJ he has a life ending accident ... relax
Ok, I over reacted and you have my apology. That is indeed one of life's ironies. I guess I just figured you where part of the "record that guys IP address" crowd.