Update: Convicted felon Keith Gilabert sued me over this post. The suit has been dismissed, and he must pay my legal fees. See details here. I do guest-blogging occasionally to promote my books. When Hedge Funds for Dummies came out, I wrote a post for the Hedge Fund Implode-o-Meter about some of the hedge fund… [Read More]
Blog
Category: Hedge Funds
Keith Gilabert sued me for libel. The suit was dismissed, and he must pay my legal fees. These are facts.
In late December of last year, convicted felon Keith Gilabert sued me for libel over this post, in which I recounted his fraud. Today, Judge King of the Central District of California dismissed the suit, with prejudice, and ordered Gilabert to repay my legal expenses. You can read the order here: Docket 52-0 – Order… [Read More]
The seven per cent problem
Illinois is mired in pension debts. Most states have them, but we have them worse. Accountants look at three main numbers when they calculate pension obligations: the number of years that people will be receiving a pension; the size of the pension payments; and the investment returns. Part of the problem is that people are… [Read More]
Edward Snowden and whistleblowers in the modern world
Edward Snowden has been revealed as the man who informed the Guardian about the NSA’s telecommunications surveillance program. He’ll end up getting into a heap of trouble, too, but I am glad that he did it. In the olden days, reporters found out information and protected their sources. And if someone was angry about what… [Read More]
Why is John Paulson’s performance a surprise?
I often quote Po’s line from the movie “Kung Fu Panda”: There is no secret ingredient. Every time there’s a major market crash, there’s someone out there who called it coming and ended up making a fortune. And inevitably, that person never duplicates the feat. In the 1987 crash, it was Elaine Gazarelli. She called… [Read More]
