Brad Moss, a star bridge player, uses his gaming skills to make his hedge fund prosper. Here's how he does it.
By Adam Lashinsky, senior editor at large
You might say that Brad Moss aspires to be to bridge what Warren Buffett is to investing. It turns out that Moss, a bridge champion (he's never played Buffett but would like to), is a fine investor as well. This 40-year-old uses the skills he's learned playing cards to earn impressive returns at his small but growing hedge fund.
Wall Street has long been home to card players who turn their mathematical minds to finance. Moss, whose team is the ranking 2010 world champion and who is the American Contract Bridge League player of the year for 2010, draws a direct line from the game theory of bridge to his ability to assess investment risks. It's a skill that enabled him in the late 1990s to rack up personal wealth in the millions of dollars as an options trader in his native New York. Next it helped him assemble a brief but impressive track record managing his own firm, Crosscourt Capital Management. More
Dick Fuld has a bridge he wants to sell you.
Had the government constructed a "liquidity bridge" one fateful weekend two years ago, the former Lehman Brothers chief told the Financial Crisis Inquiry Commission Wednesday, it could have staved off a bankruptcy at the brokerage firm.
But a Federal Reserve official at the hearing blanched at the prospect of providing funds to Lehman without what he said would be adequate collateral. He said the Fed MOREColin Barr - Sep 1, 2010 4:14 PM ET
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