LET’S GO UNCLE CARL

I have a 10% position in IEP now and will hope that before Carl dies and ventures off to his new deal — he will enact some sort of scheme to fuck the people betting against him in one last gambit for the ages. I could see him tendering an offer for IEP to take it private out of pure spite. To think that this Wall Street legend ends up bested by some catamite writing a doomsday letter called HINDENBURG is an anathema to me. The good guys always win and those who feed off the large sharks like Carl will be dispatched in kind.

I finished the session +130bps, down from 2.5% after some volatility rocked my positions mid-day. I feel, and I sense, that I deserve more.