Steinhardt Redux

In honor of my fourth anniversary blogging, I am going to reach back into the archives for a gem of a post challenging legendary investor Michael Steinhardt's arrogant sneering.

Of course, modern times gives me the chance to put Steinhardt's accusation on its head, as the intellectual caliber of Obama's economic team is remarkably high given how crappy we are doing, which might suggest that Mr. Steinhardt places undue premiums and discounts on perceived intellectual heft and/or just can't judge the difference.