A Connecticut man has been arrested for trying to start a hedge fund—five cents at a time.
Police in West Hartford said that Brent Goggins was “going door-to-door collecting cans because he was using them to get money to start a hedge fund.” Unsurprisingly, the people of Fenwood and Exeter avenues and Carol Road were suspicious, and alerted police.
Goggins, 32, was charged with soliciting without a permit. It’s not his first run-in with the law; he pleaded guilty to resisting arrest in 2007.
Speaking of resisting arrest, Goggins’ collar came with a bonus for law enforcement: He was knocking on doors with one Charles Cravish. Cravish, it turns out, is a fugitive, having been charged with resisting arrest in Florida.
Goggins was released on $100 bond, posted by his girlfriend despite the fact that Goggins and Cravish were using her car for their caper and got it towed. Cravish faces extradition to Florida.
Dear HedgeRoll readers,
We will be celebrating the holidays until January 2011. Until then, enjoy the video below.
All the Best,
WSJ.com: Hedge fund titan Paul Tudor Jones III spreads a little Christmas cheer around Greenwich, Conn., each year. Well maybe more than just a little.
A tongue-in-cheek article on the insider trading FBI investigation:
Bloomberg: What does this crisis mean for the industry? We already can guess the first question that must have leaped to the mind of every self-respecting wealth maximizer: “How can I use this information to make enough money to buy myself a jet?” The answer, of course, is that it pays to be on the inside.
Anecdotal evidence of a gold bubble: Bloomberg interviews Mr. T on gold
Courtesy of EconStories: Check out Mervyn King, the Governor of the Bank of England, during this Hayek vs Keynes rap battle.
Ed Seykota, legendary trader who was profiled in Market Wizards by Jack Schwager, has advice for dealing with these tricky markets.
"Hedge-Fund Man", author Michael Lewis's alter ego is always good for a laugh:
Anyone who runs several billion dollars of other people’s money, and one hundred million of his own, is likely to have moments of self-doubt. I don’t recall experiencing any myself, but I concede that others have.
This is the personal blog of Emory Redd.
This blog is not investment advice. This is not a solicitation to invest. Don't take candy from strangers.
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