Visions of Leonardo DiCaprio Standing in a Light Pink Suit at The Hunt & Fish Club

Jan 29, 2015
J. Webster
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Hedge fund manager Anthony Scaramucci envisioned The Great Gatsby standing at the bar in a light pink suit at The Hunt & Fish Club. I wonder who else Scaramucci pictured standing at the bar, maybe Mitt Romney? How about Leo DiCaprio from the Wolf on Wall Street...? Maybe Scott Disick? I don't know, while I doubt he owns a light pink suit, I picture governor Chris Christe eating a steak or two at The Hunt & Fish Club. And I can picture Donald Trump standing at the bar, too. From the NY Post:
"The two-floor space boasts a

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Jim Cramer: Don’t Trade Apple, Just OWN IT

Jan 28, 2015
J. Webster
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What Jim Cramer said about Apple is what you have to learn as an investor or trader: "Don't trade Apple, just OWN it." That's easier said than done though, for many trigger happy traders who watch the stock on a daily or minute by minute basis. Do I sell a bit when it goes up like this? It has to go down a bit now, right? I'm going to sell just a bit. No, just don't do anything, just own Apple's stock for your kids. Over the long term, you'd have to say that Apple's dividend is only going to

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Apple Has $17,955,000,000 in Cash

Jan 27, 2015
J. Webster
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How many cash does Apple have on its balance sheet you ask, how about $17,955,000,000. Yeah, that's a lot of money....and how did Apple earn all that cash you ask? Mostly by selling something called the iPhone. This past quarter Apple sold over 74 million iPhones at an average price of $687.

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Fraud Data Analysts at Capital One Did Some Trading on the Side

Jan 25, 2015
J. Webster
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This insider trading case involving Capital One credit card transaction data is pretty interesting on a number of levels. For one, as Bloomberg's Matt Levine said, it wasn't a simple exchange of information on a golf course, these two suspects actually worked somewhat hard to figure out what credit card sales were driving profits at three different companies. Secondly, it was "creative", not something you see too often or at all. Traders are always looking for data, but credit card data isn't one they can legally get a hold off. However, in the age of "big data", you'd think it's

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1700 Private Jets Fly to Davos to Discuss Climate Change

Jan 23, 2015
J. Webster
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But at the World Economic Forum in Davo they not only discussed climate change but income inequality....Jon Stewart explains.

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Davos: The Money Oscars

Jan 23, 2015
J. Webster
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This clip from The Daily Show is about last year's Davos, but does it really matter what year it's from...Davos 2014 is still a lot like Davos 2015. You know a lot of big fur hats. It's just this year everything is a bit more expensive what with the Swiss franc value exploding higher.

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Box IPO: Jim Cramer Says Buy, Josh Brown Says Sell

Jan 23, 2015
J. Webster
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Two CNBC stars, the elder statesman, Jim Cramer, and the new young star, Josh Brown, have differing opinions on the new IPO from cloud storage company Box. Cramer says to buy, buy, buy, and Brown says it's a sell - actually, he says it's "hot garbage": Here's Jim Cramer's take on the Box IPO:
The excitement referenced by the "Mad Money" host is for the Box IPO. Box is a cloud-based online storage company priced above expectations on Thursday, at $14 a share. Cramer thinks that investors should call their broker and try to get in on the deal at

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Mark Cuban Was Right About Netflix

Jan 21, 2015
J. Webster
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Back in October, Mark Cuban bought 50,000 shares of Netflix, after yesterday's strong earnings release from Netflix, Cuban is a very happy man. The stock sunk to around $357 back in October and soared to over $407 today. That's a nice $50 gain in less than three months, or $2.5 million. Netflix shares went to as low as $316 in mid December, which now really looks like a fantastic time to have bought shares in Netflix! Oh it's so fun to look back and say would of, could of, should have, right? And it turns out

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Just in from Davos: Ray Dalio’s Pinching Pennies

Jan 19, 2015
J. Webster
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What with the Swiss franc soaring this past week after the Swiss National Bank stopped pegging the franc to the Euro, even billionaire hedge fund managers like Bridgewater Capital's Ray Dalio are picking up pennies off the ground in Switzerland. Can't blame Dalio though, chocolate or watches aren't cheap anymore in Davos. I don't even know if this Tweet or encounter with Ray Dalio is real, but it's funny.

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Inside Anthony Scaramucci’s Hunt & Fish Club Restaurant

Jan 18, 2015
J. Webster
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Hedge fund manager Anthony Scaramucci's restaurant, the Hunt & Fish Club, has been getting a lot of attention lately, some good, some not so good, so we thought it might be interesting to see just what it looks like inside thanks to the Hunt & Fish Club Facebook page. How would you describe it? Is opulent the word? Is ostentatious? How about elegant? I wonder if Mitt Romney will pay Scaramucci a visit and feast on a steak or two. But now that Romney seems to be moving towards an anti-poverty and anti-income inequality stance

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