Category: Family

Ron Pollack Fund Manager, Family Man, Friend. Ron Pollack He’s Back, More Extraordinary Achievements To Come. Ron Pollack Mastering Hedge Funds, Charities And Family.

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Ron Pollack: He is back, more adventures to come

After a chance meeting with this man, you probably would have no idea that he had organized one of the biggest and most successful hedge funds in America. At its peak, the fund was valued at more than one billion dollars. Ron Pollack sat in his Florida office dressed in Florida casual–shorts and a T-shirt. He told us about his job as a hedge fund manager and short seller. He also shared details about his family, the charities he has been involved it, and the reason for coming out of a 6-year retirement to manage funds again. Ron says that “short selling is what I do and I need to get back to doing it.”

Ron Pollack is an alumni of Yale (Magna Cum Laude) and earned a M.B.A and J.D. from Harvard. After grad school, Pollack turned to stocks where he joined the ranks of many of his classmates in investment banking and fine tuning his skill as a hedge fund manager. Ron first learned short selling from the Feshbach Brothers.

Both Yale and Harvard seem to have a penchant for turning out successful investors: Jim Chanos (widely credited with exposing Enron as a fraud, and who Ron got to know back in the 1980s when they were both short First Executive Life), Zoe Cruz (a brilliant commodity trader who rose to the co-presidency of Morgan Stanley, a sectionmate of Rons at HBS), Jamie Dinan (CEO of JP Morgan Chase, who Ron used to play pick-up basketball with at HBS), Strauss Zelnick (media wunderkind and Chairman of ZelnickMedia and Take-Two Interactive, Ron’s roommate at Harvard), Scott Schoen and Scott Sperling (co-presidents of leveraged buyout giant THL, and friends of Ron from Harvard), Steve Pagliuca and John Bekenstein (of Bain Capital, friends of Ron from HBS and Yale respectively), Glenn Hutchins (of Silverlake Partners, also a Harvard classmate), to name just a few. Pollack, both a Yale and Harvard graduate, is no exception. After leaving Feshbach in the early 1990s, Pollack built a highly successful family of hedge funds; the most well-known was his short fund, appropriately named Dancing Bear. But towards the end of 2001, Pollack started to a look how he could spend more time with his growing family and helping charities.

“After the terrorist attack on 9/11,” Pollack said, “I was moved by what had happened and I really wanted to help.” The financial markets went into turmoil, and stayed that way, in the months following the attack. Ron felt pulled between his family and his investment business. In November, Ron was on vacation with his three children and his pregnant wife, sitting in a hotel room with his laptop watching the markets. The markets were just crazy and he realized that he had to get back to the office.

On the way back, a he hatched a plan that would not only give him time to spend with his family but also to give back more to society and help with the charities he was passionate about. In 2002, Ron merged his hedge fund business with the Monitor Group in Cambridge, MA. This allowed him to have more time for activities that he loved to do outdoors, volunteer work and spending more times with his kids. He also set up fund-raisers aimed at giving aid to ailing firefighters and law enforcement. Many groups were started because of him.

In his fund-raising role, he sometimes found himself visiting fund managers. Whenever this happened, he became somewhat torn because he had quit trading and he missed being involved. In all the time he served as a volunteer, Pollack actually made only a single trade.

{{{At a charity auction in Vail, Pollack had bid for a day of trading and instruction with a local stockbroker, “just for fun.” Little did this broker know who had won the bid. Needless to say, he was shocked to find out the depth of knowledge that his visitor had. Within the first 15 minutes, Pollack had completed a successful short sale and knew that he “still had it.”|At a charity auction in Vail, Colorado, Pollack, out of humor, was found bidding on a day of trading and instruction from a local stock broker. The broker had no idea who had won the bid. Soon after, he was shocked to find out the vast knowledge and experience his visitor had. Within a short while, Pollack had once again done a successful short sale and knew he was still “the man”|For a bit of personal entertainment, Pollack treated himself to a day of ‘personal training’ and trading with a local stockbroker, which he won at a charity auction in Vail. It was a major surprise for this stockbroker when he discovered who his trainee was going to be and even more of a surprise when he realized quite how much Ron knew about the markets. It took Pollack just 15 minutes to triumph and a successful short sale trade. He then knew that he had not lost his touch.|While at a charity auction, Pollack jokingly bid on a day

Comparing Hard Core Rap Groups Like Dayton Family To Horror Rap Groups Like Dark Lotus

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This best way to demonstrate the difference between hard core rap and horror rap groups would be to compare different lyrical samplings of each side by side. However, its smarter to start with the difference in backgrounds and mentalities of hard core rap groups like Dayton Family and horror rap groups like Dark Lotus.

Dayton Family is a hard core rap group from Flint, Michigan, who named their group after one of the most crime-ridden streets in their crime-ridden city, Dayton street. That should say enough about the attitude of these hard core rappers. Its not often that an environment such as the one Dayton Family originates from breeds anything other than gritty, honest, street-heavy rap. You wont hear anything lighthearted in Dayton Familys rhymes, and when they talk tough, theyre not kidding around.

If there was ever any doubt about Dayton Familys cred, said doubt vanished once founding members Bootleg (Ira Dorsey) and Backstabba (Matt Hinkle) were each incarcerated separately during the turning point in the bands short career. These two imprisonments undoubtedly hindered the quality and quantity Dayton Family was able to produce as a hard core rap group throughout its career.

Now Dark Lotus, on the other hand, is different in many respects. For one, Dark Lotus is a horror rap super group, so each one of Dark Lotuss members was an established horror rap artist in his own right before joining up with Dark Lotus. That said, the themes present in Dark Lotuss horror rap music really is not far off each of its individual members own horror rap music.

For those unfamiliar, horror rap themes usually include but are not limited to death, suicide, murder, violence, Satanism, and other terrifying themes. Unlike Dayton Family, you will not see Dark Lotus rapping about the hood, drug dealing on street corners, or about cops in a derogatory fashion (at least not often).

Dark Lotuss horror rap, in contrary, is much more personal, introspective, and spiritual. Often times you can find Dark Lotuss horror rap artists bemoaning the fact that they are still alive and wishing to die, thoughts that often travel into the supernatural with talk of souls traveling to different destinations.

One common link between Dayton Familys hard core rap music and Dark Lotuss horror rap music is their origin. Members in both groups come from impoverished, street-centric adolescences, and thus have much of the same fodder for their rhymes. Though they may approach these topics from two different angles in horror rap and hard core rap, when you boil it down, Dark Lotus and Dayton Family are the way they are for very similar reasons!

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The Dayton Family, one of hard core raps most notorious Midwestern groups, and Dark Lotus, arguably the largest horror rap super group of its kind in the world (definitely in the Midwest), may write different styles of music, but they come from similar backgrounds. To learn more about Dark Lotus and their music, please visit http://hatchetgear.com/bands/darklotus.html.

How Realtors can help in Buying or Renting Out Multi Family Homes

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In current declining market buyers and investors are having an inclination for multi-family homes. There are many factors which have to be considered while searching for the right property. Since many buyers are not familiar with multi-family homes, it is required to get a specialized help in these kinds of transactions. Thus, using a real-estate agent in these kinds of search will make your search trouble free and also effective.

In current declining market buyers and investors are having an inclination for multi-family homes. There are many factors which have to be considered while searching for the right property. Since many buyers are not familiar with multi-family homes, it is required to get a specialized help in these kinds of transactions. Thus, using a real-estate agent in these kinds of search will make your search trouble free and also effective.

A senior executive from Real Property Management1, a multi family home management services in Westchester says, -At Real Property Management, we are aware of the many moving parts that must work together in order to successfully and continually enable you to meet your goals. From tenant placement to rent collection, from maintenance to evictions, a landlord must constantly balance cash flow, expenses, tenant needs and legal requirements.- (Ref: Real Property Management Westchester, http://www.westchester.realpropertymgt.com/multi_family_homes.html)

For multi-family homes, a specialised person like a realtor can help a lot:

Experience: A realtor is up to date and knowledgeable about the current market conditions. A realtor is the best person who can suggest when is the right to buy a multi-family home, as there are many things that need to be considered such as demographic, local property values, interest rates, appraisal values, etc. Resourceful: A realtor has many resources available to them to find property as per your requirements. There is no doubt that you can drive around and search some property. In this way, not only you are wasting your time and but also there is no guarantee that whether the information you got is true or not. However, a realtor can view all the listings of for sale properties that accommodate you whether you’re looking for a duplex, triplex or a duplex as they also have many clients that are looking to sell their properties and already have a few options for you at hand without even having to search around. Using a realtor can save you a lot of time when searching for a property. Best Guidance: Realtors can provide you the best guidance through the entire process from matching your requirements to a property to the closing if necessary. A realtor will always ensure that you know all the necessary information and all your questions should be answered to your satisfaction about the property and will help you to close on a property. They can also find a mortgage company for a loan, performing inspections on the property, negotiations between both parties, writing up offers, and completions of contracts. 1. Real Property Management: Real Property Management is the nation’s local property manager. They provide multi-family homes management services in New York and much more. Office is located at 777 Westchester Avenue, Suite 101, White Plains, NY 10604. You can call at (914) 288-6023 and fax at (866) 314-9739. You can send mail at . For more details, visit www.westchester.realpropertymgt.com

How Attitudes To Family, Marriage And Divorce Have Changed

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Attitudes to family, marriage and divorce have changed over the last century. Here we look at how different aspects of family life are seen compared to the past.

Marriage

In the past people married at a much younger age on average than they do today. Marrying in your late teens or early twenties was the norm. Most people got married as this is what was expected of you, and people rarely considered not doing so.

Many fewer decide to marry these days. Many make the conscious decisions not to as they prefer to remain more independent. This can be the case for both genders. Some would argue that people wait to meet the right person now, whereas before they would marry the first person who came along.

Living Together while not Married

In the past it was not socially acceptable for unmarried couples to live together. It was seen as wrong and was therefore extremely rare. It is possible that this contributed to early marriage.

Unmarried couples living together has almost become the norm now. Many decide to see how they get along living together before they decide to marry. It is also common for couples to live together, and possibly have children, without ever getting married. They live the same way as a married couple without ever making it official.

Children

It used to be rare for people not to have children. Most people would conform to a very specific lifestyle, marrying young and having children soon after. Hardly anyone had children before marriage, and it was even rarer for people to do this by choice.

Nowadays it is not uncommon at all for people to have children without being married and this is not seen as a big issue by most. Sometimes parents live together as a family with their children without being married, while others are single parents. Not everyone decides to have children either. It is no longer seen as something you must do so it has become more of a choice.

The Role of Women

A hundred years ago, the role of women was very specific. They were expected to marry, have children, and not work. Their role was to look after the home and their children while men went out to work.

Womens role in family life, and life in general, now depends on the individual person and her circumstances. Many still crave the traditional lifestyle of marriage and children, but many make other choices. There are many more career women; some are working parents while others dont have children at all. The role of men is also less rigid, and it is much more common than it used to be for Mothers to go to work while Fathers stay at home.

Divorce

Divorce was once illegal so wasnt an option at all. Even once it did become legal it was rarely considered and was deemed a sin by many.

Now it is much more common for a variety of reasons. Attitudes have completely changed and divorce is seen as perfectly acceptable for those in an unhappy marriage and there is no longer the same stigma attached to it. Although some think of the increase in divorce as a negative, it could be argued that it is better than remaining unhappy. It is also practically easier with family law having changed to make it easier for those seeking a divorce.

Andrew Marshall (c)

Compare Family Income Benefit Insurance

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This kind of cover is designed to give a monthly or yearly income to help if one or both wife and husband die and they require income to provide for dependents. Two things control the cost and these are chosen at the quotation stage and should be altered depending on your situation. The first is the term this is how long the policy will pay out for if you need to claim. A term of 15 years will give income for that length of time. However if you died at year 5 the family income benefit policy will only pay out for the next five years on a 10 year term. Cover at the best price at a time when you need it most
For eg you have a new born child. You could say that cover would be required for 20 years. You might set the term for the family income benefit policy for 18 years. You die 10 years in and the policy would only pay out for 8 years. However after the 8 year period the need for income ceases as the child is now able to earn income by themselves.
The other variable is the sum assured. Unlike a term insurance quote that pays out a fixed sum the sum assured will be set at the yearly income required. The family should already have or take out adequate insurance to pay off mortgages and loans therefore the income required can exclude these commitments. Family income benefit amount should be set to the amount the family will need with one partners income gone.
The best feature of family income benefit over term insurance is that amounts insured and income cannot alter. Unlike term insurance where a lump sum would be invested to provide income and therefore the income is variable and depends on performance of the investment. Another problem with using a lump sum to provide income is that in general people are scared by investing and many will waste the amount of the claim as the urge to use the sum assured and to buy cars or holidays can be to hard to stop.
In brief family income benefit can form a very important part of life insurance and protection planning. Used with level and decreasing life insurance policies to protect debts. It also other forms of illness and income protection covers. Your best advice and solution is to speak to a insurance adviser to help protect your family.

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