The other day Bloomberg did a lengthy profile on Anthony Scaramucci and Felix Salmon immediately took a chainsaw to Scaramucci in a scathing retort of sorts. How scathing? Well Felix' post was titled Anthony Scaramucci's Sleazy Sales Pitch.Scaramucci has been a regular on CNBC at times for running a shop called SkyBridge which is a fund of hedge funds. Among other things he puts on the SALT Conference that CNBC broadcasted from this year, he also paid for a cameo in the movie Wall Street 2 and oddly was allowed to ask a question to President Obama at a town hall meeting that was televised by CNBC.
There were several things in the Bloomberg post about him that left me scratching my head to be sure and while I don't know enough about him to know whether he is the Antichrist that Felix makes him out to be I have written several times over the years that I don't understand why anyone adds this extra layer of fees to their investment plan. Obviously the fund of fund guys justify their segment of the industry somehow as they exist in the first place and have clients.
I'm a big fan of keeping things as simple as possible. Most of us simply need to have enough money when (if) we retire. We may or may not get succeed but most of us do not need to go out of our way to find more complicated expensive ways to try to get there.
The picture is from the Rupert Fire from earlier this summer; not too shabby for the camera in my phone.
Today is obviously the tenth anniversary of 9/11. We are all getting a lot of 9/11 coverage so I don't feel the need to add to it other than to say it is a day where more than remembering where we were and what we were doing at the time we probably remember the entire day.
6 comments:
Agree. 100%.
Now, on to fb.
T
T, I do not believe our great nation is ready for three hours ESPN Sunday NFL Countdown. Two hours was too long, now it is three hours?
Seems like I remember they used to start the games about 2 minutes after the start of the telecast; that was plenty of countdown for me, and there is plenty of down time between plays to make up for anything that wasn't said during the 2 minutes of countdown. Ah, for the good old days!
I can't quantify how much I love football and the college season is off to an amazing start and the the Thursday NFL game was very good too.
About the only pregame I can watch any more is the first 30 minutes of ESPN College Gameday before I go do FD stuff.
The NFL shows are excessive and not very good.
Fire looks really scary at begining of post.
I think people would be shocked at how poor these so called experts cited so often on CNBC and other financial outlets have actually performed. Most are a modern form of a traveling medicine show.
That Felix Salmon column was a pole axe to the head. I think the influence peddlers need to start getting called out. This was a good start.
I love the NFL. Pregame shows, not so much.
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