Comments on: ship of fools http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/ Algorithmic trading experiences Wed, 28 Jul 2010 01:46:39 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: NICK http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-526 NICK Mon, 02 Feb 2009 05:38:03 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-526 thanks for the clarification thanks for the clarification

]]> By: Kelly http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-386 Kelly Sun, 04 Jan 2009 14:46:48 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-386 <a href="#comment-305" rel="nofollow">@Scott Johnston</a> No, the point you tried unsuccessfully to make was about due diligence on the part of investment advisors. Nobody invested in Fred Wilpon, therefore he had no fiduciary responsibility to anyone. Sterling Stamos is NOT owned by Fred Wilpon, Sterling Stamos did NOT invest in Madoff, and Sterling Stamos WITHDREW its money from Bayou months before that fund fell apart precisely because Sterling Stamos determined, through rigorous due diligence, that Bayou lacked sufficient infrastructure and independent review to be considered an acceptable risk. You published lies and didn't bother to verify the information. And your excuse is you saw Sterling Stamos "named in the media"?? What about YOUR due diligence? @Scott Johnston

No, the point you tried unsuccessfully to make was about due diligence on the part of investment advisors. Nobody invested in Fred Wilpon, therefore he had no fiduciary responsibility to anyone. Sterling Stamos is NOT owned by Fred Wilpon, Sterling Stamos did NOT invest in Madoff, and Sterling Stamos WITHDREW its money from Bayou months before that fund fell apart precisely because Sterling Stamos determined, through rigorous due diligence, that Bayou lacked sufficient infrastructure and independent review to be considered an acceptable risk. You published lies and didn’t bother to verify the information. And your excuse is you saw Sterling Stamos “named in the media”?? What about YOUR due diligence?

]]> By: Scott Johnston http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-305 Scott Johnston Thu, 18 Dec 2008 19:35:47 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-305 In that case I apologize to anyone at Sterling Stamos. I have seen them named in the media as the involved Wilpon entity, but perhaps there was some confusion. Nonetheless, Wilpon invested in both Bayou and Madoff, which is the real point. In that case I apologize to anyone at Sterling Stamos. I have seen them named in the media as the involved Wilpon entity, but perhaps there was some confusion. Nonetheless, Wilpon invested in both Bayou and Madoff, which is the real point.

]]> By: Tim http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-259 Tim Tue, 16 Dec 2008 21:41:53 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-259 No, they not the same. Sterling Equities is Fred Wilpon's investment company. Sterling Stamos is an independent entity. FYI, Sterling Equities built (and I believe still owns) the Lipstick Building... No, they not the same. Sterling Equities is Fred Wilpon’s investment company. Sterling Stamos is an independent entity.

FYI, Sterling Equities built (and I believe still owns) the Lipstick Building…

]]> By: Scott Johnston http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-258 Scott Johnston Tue, 16 Dec 2008 20:50:46 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-258 Both are Wilpon entities, no? If I got the wrong entity, I apologize, but it hardly changes the point. Both are Wilpon entities, no? If I got the wrong entity, I apologize, but it hardly changes the point.

]]> By: Tim http://www.puppetmastertrading.com/blog/2008/12/15/ship-of-fools/comment-page-1/#comment-256 Tim Tue, 16 Dec 2008 15:07:00 +0000 http://www.puppetmastertrading.com/blog/?p=226#comment-256 Fred Wilpon's investment is Sterling Equities, not Sterling Stamos which was NEVER invested in Madoff or its spin-offs. Fred Wilpon’s investment is Sterling Equities, not Sterling Stamos which was NEVER invested in Madoff or its spin-offs.

]]>