Epstein Secrets

ur cash invested. There were lots of investors with great reputations that were pounding the table and saying things like. "Fannie Mae (FNMA) or Freddie Mac (FMCC) is the best idea that I've ever seen in my entire career." It's hard to be a young fund manager and hear Rich Pzena and Bill Miller, or

ad been a big issue. When I heard the indexers were going to be voting "yes." I said, "This is going to be a no-brainer." Every plain vanilla or Fidelity of the world had a one-on-one with the CEO on that Thursday of the vote. And that guy pleaded. He said, "Guys, you are going to end up owning M

es of personal financial loss that can happen quickly when confidence in the world financial markets falters. • The near failure of Fannie Mae and Freddie Mac, followed by the bankruptcy of Lehman Brothers and the intervention in MG, obliged most governments around the world to support bank deposits and m

Morgan tied to credit. This was a good thing. • But we compete with many diverse players in the financial world, from mutual fund companies like Fidelity, to private equity firms like KKR. So when we think about compensation we have to think about fairness for our people in the context of the market

rsettal-fineneial-less-that-enft himpen-quic4dndien-eonfftlenee4n-the-werld-finatieitektinrkets-fiitters; • —The near failure of our Fannie Mae and Freddie Mac. followed by the strain, bankruptcy of Lehman Brothers and the required intervention in MG, obliged mest-magovernments around the world to support

is was a good thing. • But we openly compete with many diverse and sophisticated players in the financial world, from mutual fund companies like Fidelity, to private equity firms like KKR. So when wc think about compensation we have to thin): about fairneco foretw-peeple-iii-theeentent-ectite-mathet-

f-persenal-finaneial-less-that-ean happen-quiekly-when-eenfitlenee-in4he-werld-finaneial-ntathets-falteFs: • The near failure of our Fannie Mae and Freddie Mac, followed by theikosi gdn bankruptcy of Lehman Brothers and the required intervention in AIG, obliged Fuest-rraig r overnments around the world to

is was a good thing. • But we onenly compete with many diverse and sophisticated players in the financial world, from mutual fund companies like Fidelity, to private equity firms like KKR._So when we think about compensation we have to think about fairness fer-eur-peeple-in-the-eentest-ef-the-niarket