Daily Speculations The Web Site of Victor Niederhoffer & Laurel Kenner Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

George Zachar

5/9/2005
Give the Man Credit

As demonstrated by the National Journal item from Friday, the Sage has successfully positioned himself as the press's perfect businessman: honest and folksy and altruistic and not at all puttin' on airs.

What's the difference between the Sage's enormous tax code arbitrage and the Loch Ness Monster?

-- The latter is sometimes mentioned in the press.

What's the difference between the Sage's ownership of one fifth of the Washington Post and the Protocols of the Elders of Zion?

-- The latter is sometimes cited, albeit soto voce, by nutters. The former is subject to a total journalistic omerta.

Give the man credit. He's successfully ingratiated himself with his "natural enemies" - the soak-the-rich crowd - while turning the machinery of the modern State to his advantage.

George Zachar is principal of Greensward Capital, a money management and trading firm in New York. He focuses on U.S. and European debt futures and options thereon.  "I try to integrate market directional and volatility trades, with "living to fight another day" my central guiding philosophy," Zachar says. "When I was a child, I remember watching a cheesy spy movie, where one spook says to his opposite number, "The object of the game is to stay in the game."

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