Hendry takes big bet on China crash

Submitted by cahn on 23 May, 2010 - 4:37am

Hugh Hendry, the voluble hedge fund manager well known for his bearish but highly successful calls on the global economy over the past two years, has taken a big position that is designed to profit from a crash in China.

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Scientists create a living organism

Submitted by cahn on 23 May, 2010 - 3:33am

http://www.ft.com/cms/s/2/3dbad5ca-6431-11df-8618-00144feab49a.html

Scientists have turned inanimate chemicals into a living organism in an experiment that raises profound questions about the essence of life.

Craig Venter, the US genomics pioneer, announced on Thursday that scientists at his laboratories in Maryland and California had succeeded in their 15-year project to make the world’s first “synthetic cells” – bacteria called Mycoplasma mycoides.

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More on Happy Employees

Submitted by cahn on 15 March, 2010 - 3:41am

In my last post, I wrote about my desire to have happy people working for me. Perhaps I could have been clearer when I said that I fire unhappy people.

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The Secret to Having Happy Employees

Submitted by cahn on 15 March, 2010 - 3:38am

About 10 years ago I was having my annual holiday party, and my niece had come with her newly minted M.B.A. boyfriend. As he looked around the room, he noted that my employees seemed happy. I told him that I thought they were.

Then, figuring I would take his new degree for a test drive, I asked him how he thought I did that. “I’m sure you treat them well,” he replied.

“That’s half of it,” I said. “Do you know what the other half is?”

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A Brief History of Derivatives - Don Chance

Submitted by cahn on 30 January, 2010 - 1:21pm

 To start we need to go back to the Bible. In Genesis Chapter 29, believed to be about the year 1700 B.C., Jacob purchased an option costing him seven years of labor that granted him the right to marry Laban's daughter Rachel. His prospective father-in-law, however, reneged, perhaps making this not only the first derivative but the first default on a derivative.

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What did I say then?

Lehman in equity and debt move | FT

Submitted by cahn on 22 May, 2003 - 7:23pm

The growing convergence of debt and equity businesses on Wall Street was highlighted on Tuesday as Lehman Brothers named two managers to oversee all its capital-raising activities.

An internal memo said Lehman was changing its reporting structure so that underwriters of bonds, stocks and loans would all report to two new heads of global finance.

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