More Post-game Strategies

One of the behavioural oddities (which we failed to mention in the last entry) that one can observe amongst the destitute leaving the building following the tenth race is that of cursing those who got one into this unenviable position in the first place - this a version of damning the whore with whom one fell in love, not to mention her various offspring.

A big winner as the financial blog bubble inflated to grotesque proportions, having successfully parlayed the tremendous popularity of the The Big Picture into a talking head tenureship on a number of business media and a book deal, was one Barry Ritholtz. This week his blog (in an entry written by TBP's editor, Chris Whalen) has tellingly, and possibly predictably given the late hour, published a piece by well-regarded Chicago structured finance person Janet Tavakoli which trashes the reputations of much-quoted super-pundits Meredith Whitney and Nassim Nicholas Taleb.

No problem with this here. We have long thought that this crew was giving off more heat than light. But Mr. Ritholtz suddenly disowning two gas dispensers the opinions of whom he once frequently used to defend the bouyancy of his own balloon?

God, it's tough out there.

Readers should feel free to click on the links for prior IBEX Salad commentaries on Whitney and Taleb.

Having just received an e-mail from one of the parties named in this piece, we have made a couple of changes - centred around the fact that it was the blog's editor, and not owner, that contributed the item. We think that the thesis still holds water, despite this oversight.

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