Counterparties: Merry Christmas
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The Counterparties team is spread across the western hemisphere today, with Ben in Oregon, Felix in Dorset, and Ryan in an overpriced and overcrowded retail outlet doing some last-minute shopping. Wherever you are, we wish the very best to you and yours, and thank you for all the support and tips since we launched this newsletter in March.
There won’t be an email tomorrow, and it’ll be links only on Thursday and Friday. After that — assuming we all survive the drop off the Fiscal Cliff — we look forward to joining you in a happily eventful 2013. May your holidays be happy, your right tails fat, and your billionaires whimsical! — Felix, Ryan, and Ben
And on to today’s links:
Meet the Jim Cramer of China – Businessweek
The time Steve Cohen got an ATM for Christmas and other reported anecdotes – NYT
Bill Ackman’s full presentation on his Herbalife short – Pershing Square
Herbalife won’t let Bill Ackman’s lies disrupt their vacation plans – WSJ
Why Bill Ackman is wrong about Herbalife – Kid Dynamite
The age of macro may be coming to an end — until the next crisis – Joe Weisenthal