Apr

20

 Amazing ability of D'Antoni to deflect criticism of him by complimenting his players: "I have never been prouder of a team". With a good coach, the Knicks would have won both games. What is the trading significance?

T.K Marks writes: 

Such deflective behavior by D'Antoni reminds one of those monthly letters to investors after a fund's programs were caught on the wrong side of a violent market move.

If D'Antoni were a fund manager, at some point he would be writing something like this:

"…Though loses were severe last month we are heartened to observe that had the market moved with such vigor and determination in the opposite direction our programs would have performed in a truly Olympian fashion…"

 Therefore, it was the direction's fault. Everybody and everything else is exonerated. Variations on this theme happen every month in those monthly investor letters. One might say that it's Wall St.'s version of pulp fiction, though they do come written on higher-grade paper.

Then again, the more expensive a piece of stationary is the more circumspect I am about the verity of what's written on it. And whenever I come across something gold-embossed, my antennae go way up. Because politicians have a fetish for using (very expensive, taxpayer-paid-for) gold-embossed stationary. Guess they figure it lends an air of the regal to their act.


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10 Comments so far

  1. Steve on April 20, 2011 4:27 pm

    The Knicks certainly could have won both games. I am not smart enough to discern whether he is a good coach or not.

    One thing is certain, certain players and teams seem destined to win at times in the universal application of sports.

    Tiger Woods rolling in a putt at Augusta that seemed to roll as if it were rolling off a car hood.

    Larry Mize chipping in at Augusta from 100 feet from the pin.

    Bob Tway winning the PGA by holing out a bunker shot

    Corey Pavin by hitting a miracle 4 wood on a par five at Shinnecock to win the U.S. Open

    John Elway with “The Drive” against the Browns

    Tom Brady , by benefit of “The tuck rule” winning a playoff game against the Oakland Raiders in the snowstorm in Mass.

    Joe Montana with “The Catch” to Dwight Clark to go to the Super Bowl.

    Michael Jordan with “The Shot” against the Cavaliers to propel them to the finals of the NBA.

    Jerry West with the miracle shot to send the Lakers to overtime.

    The point is fairly or unfairly winners and champions seem to save the best for last. They just know how to close the deal. They leave it all on the table. They push all in. This is their legacy. It may be their destiny. This is what they are remembered for.

    Greatest lesson I ever had in golf. Every shot counts the same. a 300 yard drive counts the same as a 16 inch putt. Ask Scott Hoch who experienced this at Augusta when he missed a 18 in putt to win the Masters and lost in a playoff.

    We have said this numerous times on this website “The devil is in the details.”

  2. Steve on April 20, 2011 5:18 pm

    A few remaining thoughts. Alan Greenspan created Greenspeak because he realized that the Congressmen and women were asking prepared questions during his appearances before Congress. He discerned that if he presented them with some elongated answer using key words and contrived speech they would nod their heads in accord and move on to the next question. He had the wisdom to understand that it would have been a complete waste of time to try to answer each question sincerely and in good faith. They would not have had capacity to understand what he was talking about anyway.

    With respect with D’Antoni, he is in the the biggest fishbowl in the sports world New York City, The sports writers and fans need something to write about and talk about so this gives them at least some raw meat to chew on.

    Lesson for traders and speculators is regardless how you rationalize, explain, justify or deflect the event, in the bitter end. Res Ipsa Loquitor The facts speak for themselves.

  3. Henry John Deutschendorf on April 20, 2011 10:07 pm

    Very insightful Steve. Could you best paraphrase your theory as: Winners win, which is what made them winners?

    Your golf insight would probably be very useful to millions of players. Perhaps we should coin a catchy phrase like “drive for show, putt for dough” in the hopes that it might enter everyday golf lingo.

  4. Mark Candon on April 21, 2011 10:22 am

    Our Celts were lucky to win both games. D’Antoni helped lose the first by running out of timeouts, which is inexcusable. That’s like running out of capital in a panic.

    Knicks could still win this.

  5. vic on April 21, 2011 12:01 pm

    Whenever someone hit me in a practce game,a perfect setup in tennis , a lot that just reached a height of say 8 feet over , and withinn 3 horizontal feet of the net,I immediately offered them 10 cents for giving me the chance to bang it 50 feet over the back fence, and if a attractive other was watching , I always offered a buck. Would yu kindly please follow that practice with respect to Steve’s four square remarks about sports and games if you are going to grab his beard like that. Thank you. You know where I live so you can drop it off there, or submit it to the sally of your choice. thank you. vic

  6. Henry John Deutschendorf on April 21, 2011 5:24 pm

    The Chair has spoken, and message has been received.

  7. vic on April 25, 2011 12:43 am

    Please understand that it was not the players that did the wrong thing, it was the coach. And it wasnt so bad that he made so many wrong decisions, and is so arrogant, and was outcoached, those are ephemeral. But it was all guaranteed to happen . The System is wrong. No matter what the players did they would have lost. You cant put all these good players into a 7 second , fast ball system. They are not great 3 point shooters. The 3 point shots are ephemeral. They cant stand at the end of the game. That’s why they get ground into oblivion at the end of every game, not because the players arent good or because the coach isnt prepared for the alley oop or some such. That’s the pathetci thing. Things can never change while the System is wrong. The System reduces the incentives of all players to play good basketball because there’s no reason to play good position basketball. Why be banged around under the basket and be picking and rolling and setting things up when the ball is going to be shot in a random 35% accurate trajectory, and the closer you are to the basket , the further away from the rebound you will be. That’s why the defense is so bad. The rebounds go bak too far, and the players incentives are no good to play well, and the other team can defend against the ephemeral shots much harder at the end of the game. I won countless games and every good rackets players has won countless games against drop shots or lobs at the end of the match. They are always losers as are the 3 point play. The systems in the markets that rely on stops are of a similar ilk. vic
    PS the quote I had about the people dropping to the floor and dying came from the NY Post,and was not original with me. vic

  8. Trader Kevin (Penn State Clips) on April 25, 2011 3:06 pm

    Steve, for the record, “The Shot” by Michael Jordan got Da Bulls out of the first round for the first time, but it did not propel them into the NBA Finals. They lost to Detroit in five games in the next series.

  9. Trader Kevin (Penn State Clips) on April 25, 2011 3:16 pm

    Steve: “One thing is certain, certain players and teams seem destined to win at times in the universal application of sports.”

    But we can only know this with absolute certainty in retrospect. Many teams that seemed “destined to win” fall short.

    During last year’s NCAA Men’s Basketball Championship Game, if the Butler Bulldogs had been just a wee bit luckier with the final shot (the desperation heave hit glass and caught front iron before rolling out), they would have been a “team of destiny.” Instead they were one of the multitude of underdogs who just missed the ultimate prize.

    I’m basically agreeing with Henry John Deutschendorf, but trying to do so in a way that is more respectful to Steve.

  10. vic on April 25, 2011 4:47 pm

    Penn State, as my grandfather Martin said to coach Lou at brklyn college, ” no hard feelings either way”> vic

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