http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html Stock market and investing blog published by Chad Brand, Founder/President of Peridot Capital Sat, 11 Feb 2012 23:26:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html/comment-page-1#comment-529 James Cullen Thu, 17 May 2007 19:02:00 +0000 http://www.peridotcapitalist.com/?p=434#comment-529 I agree with the anonymous comment about Edwards being a hypocrite, but not for this reason alone. Given his legal background and string of successful (large) verdicts, anyone who thinks Edwards' financial situation in the last 20 years or so relates in any way to that of the "working class" is kidding themselves.<br/>That said, I still don't think Edwards is a bad guy. Everyone picks their target base and what he says he wants to do is noble, even if it involves doing a dance around his wealth. I agree with the anonymous comment about Edwards being a hypocrite, but not for this reason alone. Given his legal background and string of successful (large) verdicts, anyone who thinks Edwards’ financial situation in the last 20 years or so relates in any way to that of the “working class” is kidding themselves.
That said, I still don’t think Edwards is a bad guy. Everyone picks their target base and what he says he wants to do is noble, even if it involves doing a dance around his wealth.

]]> http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html/comment-page-1#comment-528 James Wed, 16 May 2007 20:41:00 +0000 http://www.peridotcapitalist.com/?p=434#comment-528 I think Edwards was hired for fundraising purposes. That's the only thing that makes much sense to me. So his presence probably helped make the partners of richer, increasing their AUM for a larger mgt. fee. I think Edwards was hired for fundraising purposes. That’s the only thing that makes much sense to me. So his presence probably helped make the partners of richer, increasing their AUM for a larger mgt. fee.

]]> http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html/comment-page-1#comment-527 Chad Brand Tue, 15 May 2007 23:21:00 +0000 http://www.peridotcapitalist.com/?p=434#comment-527 Obviously I can't confirm that he didn't make money for their trading operations, but I would assume he was there because of who he was, not what he brought to the investment team. I don't see how he would have any valuable insights that the Fortress employees lacked. Probably more of a promotional thing for FIG, and of course, Edwards gets rich donors out of it. Obviously I can’t confirm that he didn’t make money for their trading operations, but I would assume he was there because of who he was, not what he brought to the investment team. I don’t see how he would have any valuable insights that the Fortress employees lacked. Probably more of a promotional thing for FIG, and of course, Edwards gets rich donors out of it.

]]> http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html/comment-page-1#comment-526 Anonymous Tue, 15 May 2007 18:40:00 +0000 http://www.peridotcapitalist.com/?p=434#comment-526 Why is there the assumption that Edwards did not make any money for the clients of Fortress? I don't think hedge funds hire politicians for the fun of it. I imagine that Edwards offered some insight that was valuable to Fortress (maybe a connection that helped cement a deal or an insight in to a potential deal opportunity). Does anyone even know exactly what he did every day while he was there? Why is there the assumption that Edwards did not make any money for the clients of Fortress? I don’t think hedge funds hire politicians for the fun of it. I imagine that Edwards offered some insight that was valuable to Fortress (maybe a connection that helped cement a deal or an insight in to a potential deal opportunity). Does anyone even know exactly what he did every day while he was there?

]]> http://www.peridotcapitalist.com/2007/05/was-senator-edwards-being-hypocritical.html/comment-page-1#comment-525 mOOm Tue, 15 May 2007 17:54:00 +0000 http://www.peridotcapitalist.com/?p=434#comment-525 He was reported as saying that he did it to learn about the relationship between global markets and poverty. Which makes no sense. Otherwise I don't have a problem with it, though wonder what they got out of him? He was reported as saying that he did it to learn about the relationship between global markets and poverty. Which makes no sense. Otherwise I don’t have a problem with it, though wonder what they got out of him?

]]>