23rd July 2012: Barton Biggs

Money manager Barton Biggs died last week. Biggs worked at EF Hutton, Morgan Stanley, and helped to found several hedge funds. He personified the old Wall Street tradition of research analysts and institutional money managers who were ‘big picture’ thinkers — the forerunners of today’s scenario planners and strategic foresight analysts. Biggs’ memoir Hedgehogging was an enjoyable, insightful entry into the world of hedge funds. I learned from Biggs how hedge fund managers read Barron’s, The Economist, and other publications.