Comments on: Fortress CEO to analysts: We don’t call them “losses”

By: Deal Journal - WSJ.com : Afternoon Reading: Cramer Calls Icahn's Yahoo Play, Sort Of

Wed, 14 May 2008 17:19:30 +0000

[…] saw its stock jumped 2.86% to $12.23 per share, reports Dealscape. … Reuters’s DealZone reports that Wes Edens, CEO of Fortress Investment Group, doesn’t like the L word. No, not the […]

By: bob

bob — Wed, 14 May 2008 12:31:13 +0000

a loss is a loss, unrealized or not. idiot.

By: not long fig

not long fig — Wed, 14 May 2008 01:21:03 +0000

The bias is that when the mtm is favorable, one will take the gain, but when the mtm us not favorable, one argues the technical point about unrealized versus realized. The point is that all of us “market participants” have agreed that, while not perfect, mtm is economically more accurate than other measures. Couple that with the fact you ARE public (a public offering that made Wes fairly rich to begin with - his underling made their money with the gs ipo, why not him?) and you need to explain yourself. that is the game.

By: Greenwich Monkey Tard

Greenwich Monkey Tard — Wed, 14 May 2008 01:06:20 +0000

Yeah, he’s right, Edens is always right. Nicky the Greek and B the Hunter were right as well. Oh and those LTCM boys had so many degrees and awards, ain’t that sweet! Wes eats the chunky, a rose is still a rose, a rip a rip.

By: steve

steve — Tue, 13 May 2008 21:20:35 +0000

take a snide tone, snicker, and take potshots at someone who has achieved much more success in his profession than you will ever at yours. but the reality is that he’s right. but i imagine you won’t pen an article confessing your idiocy years from now when the investments can be properly evaluated.