Ever feel like sometimes the internet can give away
too much information? Like all those blog posts, Flickr photos and assorted messages you post up actually amount to a stalker trail?
Bear Stearns fund manager Richard Marin might feel that way this week.
Over the weekend of June 17, with two Stearns hedge funds apparently going in to a financial freefall, Marin posted to his blog,
A Whim Of Iron (currently closed), a review of the latest Kevin Costner movie.
Marin had previously also used his blog, which he said was a personal journal, to document the struggles in managing funds (like "trying to defend Sparta against the Persian hordes of Wall Street").
He was replaced by his company on Friday, however.
There are no suggestions Marin was dumped
because of the blog. Indeed, by all accounts, Marin's funds had hit some serious rocks). But some sections of the news media have handily focused on the untimely weekend trip to the movies (Evan Almighty was “perfectly bland and mildly funny") to paint a particular picture...
New York Post: "Surely no one has trouble with Marin taking time out to enjoy a movieor two, and he looks like a good guy. No that's not the issue. It's thearrogant blogging about dramas on the big screen and off thatunderscores valid concerns that a lot of hedge fund managers are notonly long on leverage they're even longer on hubris - a toxic cocktailwhen markets swing against you."
New York Times: "While Mr. Marin told The Times that the blog was personal, it did postpictures of him at Bear Stearns events and it included his corporatee-mail address."