Monday, May 9, 2016

Sphincter Asset Management

At Sphincter the primary investment vehicle is called the Tight-Ass Trust, which employs a digestive algorithm. They operate out of a renovated warehouse called The Closet, within which there is a small, neatly appointed suite of offices known informally within the organization as doily-world

Tea is served there religiously at three, for the partners. The investment philosophy at Sphincter is pessimistic. It assumes that the easy money is over and that it's time to get retentive. Sphincter's associates are famously risk averse but prone to emotional outbreaks of adventurism, or "acting out".

It is thought that acting-out is another sad spectacle of overpaid geeks trying to find a mojo. Sorry, boys. Those who have one don't have to look. They are, however, usually rational and practical and understand that the only way real pussies make money is to play the system. That is what they do.


No comments:

Post a Comment