A pretty choice quote by Admiral Stockdale to open the 1992 vice presidential debate. It didn't really work out for him or his running mate, Ross Perot, but it's a question worth answering, since there are literally dozens of other blogs out there on this here internets.
Pretty much the first day of b-school, they really emphasize one point: specialize. As a manager, you should focus on what you do best and only what you do best, ignoring the need for diversification since your shareholders can create their own portfolios and "homemake" diversification without your clumsy, agency-conflicted interference. I think the same applies to blogs since it is very easy to click from one to the other, each being the best at its own little niche.
But fuck it--I'm an empire builder. Thus, this blog will be 'focused' on all sorts of inane lagniappe, namely: political betting markets; baseball; CMBS/Treasury spreads and synthetic fixed income arbitrage; The Hills; deconstructing bad financial journalism; frequent footnoting*; fund dating stories from my sordid past**; assiduous arrogance, reviews of non-existent albums; life in Austin and Houston; my current beta-neutral long/short positions; the upcoming 90210 redux; mailbags.
So welcome to the show folks; I'll be updating at least once a week. Here's that Stockdale debate. Fast forward to about minute 7 and prepare to be amused:
http://www.youtube.com/watch?v=z5Jbmaq4YHA
*denoted thusly
**Everyone gets codenames, of course, as will all male friends. So no need to worry about your exploits on East 6th St., Greaseball.
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