He wrote to IMF staff and said "while this incident constituted an error in judgment on my part, for which I take full responsibility, I firmly believe that I have not abused my position".
In the interest of full disclosure I and my subscribers have a position in TLT.
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Lou's an extremely smart man, and he'll ask himself, 'What do I have to do to position my team to compete in the East?
While I have enjoyed the opportunity to make significant contributions here in this role, I have already set my focus on the new position.
And in the interest of full disclosure, I and my subscribers have a 20% position in the gold etf GLD.
"If I'd gone against the medical experts, people would have thought I was mad - or, worse in my position - trying to do the dirty on one of the clubs, " he told French newspaper L'Equipe.
For this reason, I have recommended to my subscribers a small starter position in Intel.
Clearly this makes my position impossible and I have no alternative than to resign from the government.
And at times, I have to keep my neck up in an uncomfortable position to stop scrolling.
"If I get married and have children, I will be a status quoist and will be concerned about bequeathing my position to my children, " he reportedly said.
Ironically, in my position today, playing like I have nothing to lose is dangerous.
One of the possibilities I have is to push for a CSR position in my company.
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First, I should have done diligence on what my peers were getting so I had some rational basis for my internal salary position.
This is the reason I have advised my subscribers to take profits on 80% of the position.
This is a matter for individual decisions, my own position is that I'm going to have to be talking about asylum a very great deal and I do not want a distraction by everybody keeping asking me why I haven't signed this pledge rather than by concentrating on the policy.
If it were to drop further, I would overweight it in my clients' portfolios, which already have a full position in the stock.
In the interest of full disclosure, I am a founding editor of The A Position, though I have not been involved at all in Golf Road Warriors, and my golf travel musings can be found at my site, Larry Golfs The World.
However, I have seen throughout my career that the people who end up with the most success always put themselves in a position to succeed first and worry about short-term economics second (if not third, fourth, or last).
Seldom have I looked at something that is a major long in the portfolio, changed my mind, sold the entire position and continued selling to go short (albeit in a small way).
Given the strong position that Citi is in today, I have concluded that the time has come for me to take my leave.
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