James Altucher here admits to an array of offenses against high ethical behavior (and in some cases admitted lawbreaking), but the one that surprises me the most is the self-dealing - that is, hiring himself as a consultant.  He's now an entrepreneur, and I hope he likes being a founder, because I can't imagine sustaining any role as a manager after this sort of candidness.  Nonetheless, huzzah for candidness as a general matter.

Here, Felix Salmon speculates that Wing Chau might have a decent libel case against Michael Lewis - he's portrayed as one of the suckers in the Big Short.  Public figure?  No.  But no hedge fund is going to want to go through discovery.  If I were Lewis's lawyer, I'd send Chau's people a draft of the interrogatories, and request for a list of Chau's other counterparties while preparing that motion to dismiss.

And I think it is fair to say that Steve Davidoff was instrumental in scotching Abercrombie's plans to reincorporate in Ohio in anticipation of a management led buyout.

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