TR EMERITUS

There is a great Wall Street Journal article about how the rapid increase in high stakes Chinese gamblers in Las Vegas is prompting money laundering concerns.  Given that Chinese citizens are only legally allowed to take $50,000 USD out of China a year, how can they wager up to $400,000 USD in Las Vegas? There are three things... 

A “Roach Motel”, originally a term used to describe a cockroach trap, has become a metaphor used by hedge fund managers to describe an investment that is too large in relation to the size of the company’s equity capital or the liquidity of the stock to allow the manager to exit without taking an unacceptable loss. For... 

I thought a comment from someone calling themselves “Sotongmee” raised enough interesting points to merit reproduction in full in the blog together with my response. This person addresses me as “sir”. I would like to say once again that that is unnecessary and far too formal. I would much prefer if you would just call...