Congressman Fleming Emulating Latrell Sprewell
I follow basketball more than the average person. Sadly, I think most people who have heard of Latrell Sprewell will only remember him because of the following statement he made in the midst of contract negotiations: “I told you I needed to feed my family,” Sprewell said at a press conference yesterday. “They offered me […]
40 Million in 16 Months
I did not tune in to see the fight last night between “Money” Floyd Mayweather Jr. and Victor Ortiz. I did see a summary of the results though. Mayweather is expected to make at least $40 million on this fight. At age 34, he is still unbeaten. Yesterday’s k.o. was a little dubious though. He […]
UBS Trader Loses $2.3 Billion
Trading is risky, sometimes you lose, sometimes you win and in some cases you end up in jail. Like, Jerome Kerviel who was sentenced to 3 years in prison and asked to repay the $6.8 billion loss, Kweku Adoboli was also arrested for trading losses. UBS reported that the fraud has taken place for the […]
What Can You Buy For $5,252,722?
$5,252,722 is a huge amount of money. I dream of having half that and being able to retire comfortably, someday, maybe… But, if you are Ted Weschler and you run a successful hedge fund (and take advantage of “carried interest”, presumably ), you use the money to bid and win two steak dinners with Warren […]
10 Year Anniversary of 9/11
This week has been non-stop coverage of the September 11, 2001 event. It almost felt like we were reliving it. I had forgotten how easy it was for Congress to get along back then. They quickly created the September 11th Compensation Victims Fund and properly funded it with $7 billion. I had forgotten how well […]
Thanks, Steve Jobs!
I’ve been anticipating the day that Steve Jobs would transfer power to Tim Cook. I didn’t expect it this soon though. See Steve’s announcement below: August 24, 2011 Letter from Steve Jobs To the Apple Board of Directors and the Apple Community: I have always said if there ever came a day when I could […]
Bob Rodriguez
I keep a list of people that I’d like to meet one day. I’m adding Bob Rodriguez to that list. I read about him on the CNNMoney and Fortune web site here. Mr. Rodriguez has achieved tremendous success as a money manager. Rodriguez, the CEO of $16 billion money management firm First Pacific Advisors, isn’t […]