Thursday, August 18, 2011

Skin in the Game

You’re track record is everything - money manager or consultancy. The rest - noise.

For example, Alan Sloan of Fortune, "I spent July on family leave, not writing columns, and watching with increasing horror as market-illiterate know-nothings, abetted by the craven leaders of the Republican Party (from which I'm about to resign) and the unspeakable ineptness of Obama and his minions, brought our country to within an inch of defaulting on its debts."

(Careful with the use of my name Alan, or you and I may settle with pistols at 30 ft, and I have a feeling things would not go well for you.)

My, my. "...increasing horror..." Poor Alan, how could you take the pain man?

These types have no skin in this game. They don’t care. Of course not, they love it. Shells for their scatter gun. No one holds them accountable.


Our hat goes off to Bacon, to Druckenmiller, to Soros (politics aside), to Niederhoffer. These guys have skin in the game; they are in the arena, marred by dust and sweat and blood.

They never heard of Sloan.


Robert Craven

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