Kass: 11 Good Omens

This blog post originally appeared on RealMoney Silver on March 18 at 8:04 a.m. EDT.

"It's a couple of years ago, I'm having lunch with one of my favorite people, Greg, who runs Mega, a $2.5 billion long-short equity hedge fund. Greg is the best! He is about 60 years old, worth at least a half a billion dollars, with a formidable reputation, but he is just as driven as he was when I first met him 30 years ago, when he was just another attractive, compulsive, young guy on the make. Now, a third of a century and a fortune later, four nights a week he sleeps in a small room off his New York office. Greg remains one of the most intense players of the money game, and part of his charm is that he wears his heart on his sleeve. If Mega is doing well, he tells you about it. If it is doing badly, he moans and groans. If one of his people has screwed up and lost him money, he doesn't keep it a secret. He is totally transparent. He is a charming, loquacious maniac."

-- Barton Biggs, Hedge Hogging

I rarely leave my trading desk during market hours; I did yesterday, however, in order to have lunch with Greg (from "Mega"). Greg is a pseudonym that conceals the identity of a very real hedge fund manager (who, in many ways, is larger than life) employed by Barton Biggs in his wonderful book, Hedge Hogging. ...