Friday, 24 October 2014
Last updated 13 hours ago
Jul 12 2011 | 12:31pm ET
David Einhorn won't be winning any kind of World Series this year.
The Greenlight Capital founder, who is in talks to buy a minority stake in baseball's New York Mets—a longshot if there ever was one to win the sport's World Series—was eliminated from the World Series of Poker in Las Vegas yesterday. Einhorn came in 18th in the event five years ago.
The hedge fund manager was among the 4,521 of the 75,672 entrants to survive the first day of the event, which has a $10,000 buy-in. But despite ending day one with 94,400 chips—better than twice as many as the average survivor—Einhorn's WSOP ended, along with those of about 1,200 others, including defending champion Jonathan Duhamel.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...