Power Point: Don't do it for the money

• Power Point: Accept and move on

  "You can't go back and change what you had for breakfast."

  --a saying favored by Fortress Investment Group (FIG) CEO Wesley Edens, according to today's Wall Street Journal. On Tuesday Fortress's stock fell 23% to $2.76, a steep drop from the alternative asset manager's February 2007 IPO price of $18.50 (not to mention the $35 it reached on its first day). The phrase, which Edens heard from his father, was referenced MORE

  Jessica Shambora, Writer-Reporter - Oct 29, 2008 5:52 PM ET
  Posted in: CEOs, Fortress, Fortress Investment Group, hedge funds, investing, Postcards, Power Point, stock market, Wall Street, Wesley Edens

• Power Point: Don't quit when you're up

  "It's like Wimbledon. When you win one year, you don't quit. You want to win again."

  -- John Paulson, whose three main hedge funds have risen 15% to 25% this year, according to today's Wall Street Journal. And that comes on top of gains of some $15 billion for Paulson & Co., his 70-person firm, last year. While Paulson made a few mistakes--buying Yahoo! (YHOO) and Mirant (MIR), for example--he's won MORE

  Jessica Shambora, Writer-Reporter - Oct 24, 2008 5:20 PM ET
  Posted in: Hedge Fund, hedge funds, investing, John Paulson, management, MIR, Mirant Corp., Postcards, Power Point, stock market, Yahoo, YHOO

• A top Lehman exec's lament

  "It didn't have to go this way," a devastated Barbara Byrne, a vice chairman at Lehman Brothers (LEH), told me this morning. Like a lot of senior folks at the now-bankrupt firm, she spent most of the weekend at the office, hoping, praying, and consoling the rank and file. "Talking to a single mother of two, a secretary, in tears is the hardest thing," she said.

  She's right that the fall MORE

  Patricia Sellers - Sep 15, 2008 1:07 PM ET
  Posted in: Bank of America, banks, Barbara Byrne, Barclays, CEOs, FORTUNE MPWomen, Goldman Sachs, hedge funds, Leadership by Geoff Colvin, Lehman, management, Merrill Lynch, Morgan Stanley, Postcards, Power Shift, Wall Street

• Power Point: Be ready to shoot the ball

  "Two of the players I used to watch are Bill Bradley and John Havlicek. They were both known for moving without the ball--working to get into a position where you're ready to shoot the ball. In contrast, most people spend a lot of time standing around."

  - Eddie Lampert, billionaire hedge fund boss and chairman of Sears Holdings (SHLD). After a stunning rise, which I wrote about in 2006, Lampert is MORE

  Patricia Sellers - Aug 27, 2008 3:51 PM ET
  Posted in: Bill Bradley, CEOs, David McCreight, Eddie Lampert, hedge funds, John Havlicek, Lands' End, Leadership by Geoff Colvin, management, Maureen McGuire, Postcards, Power Point, Sears, Under Armour

• Beware the pay gap!

  Tonight's CNBC documentary hosted by David Faber, Untold Wealth: the Rise of the Super Rich, talks about the widening gap between "haves" and "have-nots" in America. In 1985, there were only 13 billionaires in the U.S. Today there are more than 1,000, and hundreds of thousands of multi-millionaires.

  This calls to mind a conversation that Pattie Sellers (Postcards' main author) and I had yesterday with a well-known chief executive. We were MORE

  Patricia Sellers - Jun 26, 2008 5:33 PM ET
  Posted in: CNBC, David Faber, hedge funds, management, pay, Personal Power, Postcards, Power Shift, the spread, turnover, Wall Street