On a (slightly) lighter note, we saw the attached cartoon in a Quebec magazine, L'actualite, this week. The cartoonist, Andre-Phillippe Cote, also drew the great panel on the Madoff scandal we referenced here.
The translation for this one:
Charles, I have accepted that they will reduce my salary to only a dollar a year during the financial crisis. I'm now waiting for you to do the same.
Hedge Fund Operational Due Diligence
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