Friday, July 16, 2010
A Superior Fund Manager
Here's a photo of Krypto languishing on the couch, contented after making some more well-timed trades in her Krypto Fund. Yesterday she put in sell orders for some US, European and Emerging Market stocks. She had been wanting to do those trades for a few days, but I was being a bit too patient. So she growled at me yesterday AM after some poor manufacturing news data, and I complied at once.
Krypto likes being a couch potato. When not playing with her nephew, Sky, or herding sheep, or running agility trials, she just loves to spend all her time sleeping on the couch. [Those are dummy shells in the background near the fireplace - a 3" Naval training round and a dummy 90 mm recoiless rifle shell.]
Super-beefer piranha GS [Goldman Sachs] settles with the SEC, pays $500+ million. I hope the SEC keeps the investigation going at other firms. These sleazy deals must end.
GOOG misses earnings. They are spending a fortune on what ? Wasting it on fruitless efforts to enter new market. They've morphed in another MSFT.
Word of the Day
"Eponymous" - adjective [$10]
Eponymous means 1. of or relating to the person for whom something is named; 2. of or relating to one whose name is so prominently connected with something as to be a figurative designation for it.
Sentence: The eponymous Krypto Fund is outperforming many, many hedge funds year-to-date; the beefer managers are rather overpaid as Krypto provided superior performance for dog biscuits.