{"id":2031,"date":"2011-11-02T10:06:34","date_gmt":"2011-11-02T14:06:34","guid":{"rendered":"http:\/\/chcollins.com\/100Billion\/?p=2031"},"modified":"2022-08-01T07:43:21","modified_gmt":"2022-08-01T11:43:21","slug":"the-scourge-of-their-convictions","status":"publish","type":"post","link":"https:\/\/chcollins.com\/100Billion\/2011\/11\/the-scourge-of-their-convictions\/","title":{"rendered":"The Scourge of Their Convictions"},"content":{"rendered":"<p><a href=\"http:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2032\" title=\"Don't you think this guy looks a little worried?  And what's with the landline?\" src=\"http:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf-165x300.jpg\" alt=\"\" width=\"165\" height=\"300\" srcset=\"https:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf-165x300.jpg 165w, https:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf-352x640.jpg 352w, https:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf.jpg 500w\" sizes=\"auto, (max-width: 165px) 100vw, 165px\" \/><\/a>This advertisement for the investment firm MF Global was printed in the Monday, October 31 issue of the financial weekly <em>Barron&#8217;s<\/em> (<a href=\"http:\/\/chcollins.com\/100Billion\/wp-content\/uploads\/mf.jpg\">click here<\/a> to enlarge).\u00a0 As you may know, <a href=\"http:\/\/www.nytimes.com\/2011\/11\/02\/opinion\/mr-corzines-big-bet-on-mf-global.html\">MF Global had to declare bankruptcy<\/a> that same morning, as its big bets on high-risk European debt went south and its clients pulled out their money.\u00a0 This shows what convictions are worth.<\/p>\n<p>The ad invites investors to &#8220;work with the kind of people who aren&#8217;t afraid to show a little backbone.&#8221;\u00a0 It&#8217;s easy to talk about backbone when you&#8217;re playing with other people&#8217;s money.<\/p>\n<p>I would bet its clients have been saying &#8220;MF&#8221; a lot this week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This advertisement for the investment firm MF Global was printed in the Monday, October 31 issue of the financial weekly Barron&#8217;s (click here to enlarge).\u00a0 As you may know, MF Global had to declare bankruptcy that same morning, as its &hellip; <a href=\"https:\/\/chcollins.com\/100Billion\/2011\/11\/the-scourge-of-their-convictions\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2031","post","type-post","status-publish","format-standard","hentry","category-commentary"],"_links":{"self":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/2031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/comments?post=2031"}],"version-history":[{"count":9,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/2031\/revisions"}],"predecessor-version":[{"id":3813,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/posts\/2031\/revisions\/3813"}],"wp:attachment":[{"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/media?parent=2031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/categories?post=2031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chcollins.com\/100Billion\/wp-json\/wp\/v2\/tags?post=2031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}