Here’s my initial take on the trial of Galleon’s Raj Rajaratnam which began in Manhattan this week.
Posts Tagged ‘hedge funds’
Video Blog - It’s Not The Money
Thursday, March 10th, 2011Resolution #1: A Trading Journal for 2011
Monday, January 3rd, 2011Keeping a trading journal will help to keep you disciplined and focused in the year ahead. Here’s my latest CNBC video blog, including several key questions you should be asking (and answering) in your journal.
Short Cuts & Performance Pressure
Wednesday, November 24th, 2010

Law Enforcement Leaves with Hedge Fund Files
The pressure to generate outperforming returns sometimes skews a top performer’s way of thinking so that he or she cuts corners. The results can range from sloppy record keeping to real wrongdoing. Time will tell if this week’s FBI raids on several Wall Street hedge funds will lead to indictments, but it’s never a good sign when the FBI, 1)shows up at your office, and 2) starts removing files and computers.
Cutting corners to “win” is in fact not winning at all. Top investors know this, and to them winning is really about performing at their best regardless of the outcome. But in an industry where success is measured by a profit statement, does winning really matter or is it just about positive returns?
It’s the same in the world of professional sports where the game can take a backseat to producing results. Witness the steroid scandals that have affected sports across the board. The way out of this downward spiral is the same regardless of your field: Focus constantly on the actual process and place high value on the deliberate and consistent completion of the process. If you do that, then you win, as the outcome will take care of itself - regardless of the returns.
The Psychology of Profits
Monday, October 25th, 2010
In The Invisible Hands investment advisor Steven Drobny looks at the financial collapse from a new and helpful perspective. Instead of just armchair quarterbacking and taking a look at what failed, Drobny looks at the techniques of 10 hedge fund managers who prospered during those black days. It’s a helpful technique, and the message that connects his book and mine as well my investment psychology philosophy is that it is the INDIVIDUAL who identifies and develops a unique style that fits/matches his/her personality. That is what enables top performers to outperform the markets and their peers.
Hedge Funds Clawing Back
Tuesday, December 15th, 2009Money keeps pouring back into hedge funds, but given the new era of regulation, many funds are cutting jobs and changing the rules of the game like never before. Greg Zuckerman, author of “The Greatest Trade Ever,” and Doug Hirschhorn, a trading coach, share their insight.



