with Oli | Strategies


Risks are still not taken care of …

Stupidity still seems to rule …

2 days … 2 examples of MAXIMUM BRAINLESS INVESTING …

1. Hedge fund manager Ospraie Management LLC will close its flagship fund after it plunged 27 percent in August due to losses in energy, mining and natural resources equity holdings

2. Tim Whyte,a former Enron trader, a 34-year-old manager of Sofaer’s Natural Resources hedge fund, left at the end of July after being caught out by plunging commodity-linked stocks. The fund fell 17.4 per cent, Mr Whyte’s worst month.

CONCLUSION … THEY NEVER LEARN!!! Still earn by leveraging until they get caught … and start over at a different stupid institution :)

By the way … LEHMAN owns 20% of Ospraie … that fits … the masters of brainless leveraging got hurt ;)

If Lehman’s CEO would not sit together and play Golf with the guys of the New York FED … the company would be out of business already … what a shame :(

And … before you ask … I personally won’t understand anybody who takes over Lehman … as it is a people’s business … why buy people who proved that they can’t DO IT??? :D

Take care!

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