Doug Kass is the president of Seabreeze Partners Management Inc. Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody. Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972. He co-authored "Citibank: The Ralph Nader Report" with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC's "Squawk Box."
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The market drop likely was a function of the distorted, dangerous world of new investment products, strategies.
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RealMoney's Doug Kass questions how much upside could remain in the S&P 500, as the risk/reward profile becomes less and less attractive.
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Bitcoin and blockchain recently have been the greatest shows on our investing earth, but they're showing signs they will be this decade's version of the dot.com debacle.
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