I am borrowing a phrase from my friend Fred Wilson . A few days ago we closed a sale of our KBC Partners interest in Limos.com . You can read about it here from my partner Kenny Finkelstein . Like GolfNow.com , I use this service and it has continued great potential with a great …

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There are going to be some fantastic businesses built on the backs of this bust. Especially in the online brokerage and banking business. Yesterday I spent some time in Chicago with Jon Najarian of OptionMonster fame. Jon is a great leader. He has been in the trading trenches forever. He wakes up at 4 to …

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Nobody does it better than the people making the Daily Show: Genius.

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Face it…you missed the bearish call. You are down 40 percent. Even if we drop 20 more percent tomorrow, you missed the call. The call was to get out last September and not look back. Now what? I get twenty calls a day from friends down 30-50 percent in crap (yes if it’s down 50 …

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That’s what one hedge fund manager said when he woke up the other day. Until Monday, this is what ‘Farfegnugen’ meant Now it means – Motherf#$*ker…my hedge fund blew up!’ I say good riddance to all the hedge funds that blew up on this trade . If your hedge fund is so big that you …

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1. Identify last cycle’s big winners 2. Buy them as they are blowing up 3. Buy more as they blow up further and sell calls to firmly entrench yourself 4. Sell any winning trades you have to triple down in your losers, sell more calls 5. Double check the fundamentals as they crater to even …

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We all have reasons to be cranky these days. The Australians just lost HALF their global purchasing power in a MONTH (click to enlarge) The Aussies are pretty nice people, but you don’t want to be starting up with one these days. I have definitely been pissing people off on my blog in ways I …

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A rare great post from Valleywag. Owen sums up perfectly how I feel about all the poser CEO these days: I’m declaring the layoff window shut. Big companies lay people off because of economic conditions; startups lay people off because their managers have fundamentally misjudged some aspect of their business. Any startup CEO who lays …

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Today was horrific. I have two stock holdouts from my all-time high days. Neogen (NEOG) and CCC. To be honest, there is no reason to own ANY individual stocks, let alone small caps in a bear market, but both stocks have held up rather well. Today, CCC imploded. I can’t find any real news, not …

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I have been accused lately of being negative. I wrote a post a few weeks back saying panic is a virus. Sequoia was jumping on it. George Bush jumped on it. You can’t blame ‘Joe the Plumber’ for panicking. Here is what panic looks like . One look at this chart and thank goodness I …

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