Twenty Something Sense

Cliff Aness, who runs AQR Capital, has distributed an opinion letter discussing why President Obama was wrong for scolding hedge funds over their handling of Chrysler.  I think this letter does a great job of explaining in simple terms why what the President did was wrong and that hedge funds are not in any way being greedy as the President has accused them.

Unafraid In Greenwich Connecticut
Clifford S. Asness
Managing and Founding Principal
AQR Capital Management, LLC

The President has just harshly castigated hedge…

Anyone who has seen 5 minutes of almost any politician’s press conference has probably heard the title phrase used but, with regard to healthcare in the US, the statement rings amazingly hollow. The reason is that regardless of the issue, some options are just seen as outside the bounds of acceptable political discourse.

In our often bipolar political system it’s almost as if the opposite sides predetermine the bounds of argument - narrowing the scope of possible outcomes from any debate.…

Read this letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G. This was an extremely good read and offers a unique perspective on the situation that I have yet to see the media cover before today.