These Chickens Don’t Need to Hedge Their Bets

These Chickens Don’t Need to Hedge Their Bets

Upper-class, über-rich Brits pay a price. In exchange for being blessed with wealth and social standing, they’re expected to be at least slightly amusing to the general public, offering some combination of doofus, daffy, and scandalous. Crispin Odey fits this...
The Rigged Housing Market

The Rigged Housing Market

An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece. And real estate experts only rank the region that...
Take this Compromise with a Grain of Salt

Take this Compromise with a Grain of Salt

The two cousins who run the private equity giant KKR took home an astounding total of $327 million in 2013, new regulatory filings reveal. Much of this lush windfall came via “carried interest,” Wall Street-speak for the cut that private equity kingpins...
Wall Street’s Fix for Homelessness

Wall Street’s Fix for Homelessness

It’s so great — truly heartwarming — to see billionaires devoting their deepest thoughts to finding solutions for eradicating poverty. For example, I can’t begin to tell you how grateful America’s homeless people are going to be once they hear about...
Steve Cohen, Meet Al Capone

Steve Cohen, Meet Al Capone

Al Capone was a bad boy. How bad? He cheated on his income taxes. He went to prison in 1931 for that. Not for the people he gunned down, nor for any of the other gross illegalities the guy committed as a notorious Chicago mobster. Tax evasion landed Capone in the...