Academic

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.