Review of Confidence Game
futureofcapitalism.com

Confidence Game: How A Hedge Fund Manager Called Wall Street's Bluff came out in late April, and so far as I can tell it hasn't gotten much review attention from the "major" press outlets. The Wall Street Journal, the New York Times, and the Financial Times have all ignored it; I only stumbled upon the book via a mention in John Hempton's Bronte Capital blog.

The lack of attention is a shame, because it's an amazing, amazing book.

Read More...

Mark Twain House
futureofcapitalism.com

When the New York Times reported on financial troubles at the Mark Twain House museum in Hartford, Conn. back in June 2008, the newspaper attributed the problem in part to state politicians who were unwilling to spend enough. From the article:

the state contributes about $60,000 a year toward operating expenses, a fraction of the museum's current $2.9 million budget. In February, legislative leaders said they favored awarding an extra $230,000 to help the museum bridge a $370,000 shortfall that it foresees for the year ending next Jan. 31.

But the state's governor, M. Jodi Rell, a Republican, and the Democratically controlled legislature then adopted what was widely called a "do-nothing" budget that left the previous year's decisions frozen.

"That was a huge blow," said Duby McDowell, a board member at the museum.

Read More...

Mark Twain House
futureofcapitalism.com

When the New York Times reported on financial troubles at the Mark Twain House museum in Hartford, Conn. back in June 2008, the newspaper attributed the problem in part to state politicians who were unwilling to spend enough. From the article:

the state contributes about $60,000 a year toward operating expenses, a fraction of the museum's current $2.9 million budget. In February, legislative leaders said they favored awarding an extra $230,000 to help the museum bridge a $370,000 shortfall that it foresees for the year ending next Jan. 31.

But the state's governor, M. Jodi Rell, a Republican, and the Democratically controlled legislature then adopted what was widely called a "do-nothing" budget that left the previous year's decisions frozen.

"That was a huge blow," said Duby McDowell, a board member at the museum.

Read More...

Review of Confidence Game
futureofcapitalism.com

Confidence Game: How A Hedge Fund Manager Called Wall Street's Bluff came out in late April, and so far as I can tell it hasn't gotten much review attention from the "major" press outlets. The Wall Street Journal, the New York Times, and the Financial Times have all ignored it; I only stumbled upon the book via a mention in John Hempton's Bronte Capital blog.

The lack of attention is a shame, because it's an amazing, amazing book.

Read More...