He wrote in a note on Wednesday, "We view this quarter as one of significant peer underperformance, in complete contrast to the company's outperformance in 1Q08, leaving one to wonder: "Which is the real Morgan Stanley?
Some come by e-mail, in a note from an artist asking me to view his work, or a press release from an auction house or a museum, or a request by a PR agent to speak with a special client.