He retired from the bank on Friday and his final thoughts are in the usual place.

A taste…

Investing is an unusual profession: perhaps the only one where amateurs have a good shot at beating the pros. However, evidence suggests that amateurs don’t: flow data indicate that retail often buys high and sells low.

NEW YORK, May 17, 2013 /PRNewswire/ — Morgans Hotel Group Co. (MHGC) (“MHG” or the “Company”) today provided clarification regarding statements made in a filing submitted by The Yucaipa Companies (“Yucaipa”).

Once we’d zapped a few arbs amongst the ML Rabble, and got over an associated sulk, we offered a price: 340p

GLENCORE BOARD SIZING UP HAYWARD

What is it about former BP chief executives and the top boardroom post at Glencore, the commodities trader?

Executives at RINO International, a steel industry supplier, have been charged by the SEC with inflating revenues 15 fold in their US filings, while some of the proceeds from a reverse merger and $100m cash raising in 2007 were diverted to buy a house in Orange County, two Mercedes Benz cars and also funded shopping trips to the Chanel and Valentino stores in Beverley Hills. Most of the rest of the money was dispatched to China.