Mark Kahn
13.2K posts
Trump: This is the last chance for Iran to sign a deal.
David Tepper says he bought and demolished the Hamptons mansion of his former Goldman Sachs boss, John Corzine, for $43.5 million to get revenge for years of humiliation. “I worked on the high-yield bond desk in the late ’80s. I was considered one of the best. Then I found out Corzine had passed me over for partnership yet again. I was absolutely devastated and humiliated” “Then came another rejection. And another. I kept thinking, ‘My God, I just can’t break through. It’s always another “no” from the people at the top” “In 1992, I left and founded Appaloosa. Within ten years, I had become a billionaire. And he was still there” “In 2010, I bought his old Hamptons mansion from his ex-wife for $43.5 million. I could have just lived in it. I said, No” “I tore it down completely and built a house twice the size. That was my way of settling the score for all those years of humiliation”
NEW: At dinner after day one of his first meeting as Fed chair, Kevin Warsh told his 18 colleagues he was launching five task forces to rethink how the Fed reads the economy. Chris Waller asked what the point was. Name who's on them, he said, and I'll tell you what they'll say.
Bit of a whacky start to earnings season, where the average return (vs. the S&P 500) for a company missing on EPS is +1.15% the day after reporting ... conversely, the average relative performance following a beat is -0.41%
In many areas today, childless women are out-earning their male counterparts. In this New York Magazine piece, rather than having empathy to address the issues why so many young men are struggling today, they highlight women who are experiencing the flip in gender norms and are bitter. Women are the victims, always. “If I wanted to finance a human being, I'd have a kid." says Naomi. Society has demanded gender equality for decades. We’ve demanded men step aside for women. And now that we’re seeing the results of that, many women aren’t happy, and it’s all men’s fault. Enough with the shaming and blaming and let’s focus on supporting our boys and men!
Marco Rubio on Iran: Iran is a rich country. One of the reasons why Iran is in shambles is because every penny that this regime ever gets—be it through sanctions relief or through the oil they're able to get out—they invest in Hezbollah. They invest in Hamas... They should be spending billions of dollars building their country, but instead they use it to sponsor terrorism.
