I blogged about it a while ago (repeated below). There is a correction at the end:
Steve Madden - the designer of the ridiculous high-heeled shoes beloved by teenage tarts - gives me nightmares.
The promised correction: I have now been followed on Twitter by Wendy Madden, Steve's wife and the mother of his children. He seems to have got the girl, but it wasn't Katy Perry.
Often I look at my short-book, a collection of scum, vile and villainy. And I wonder if under it all there is one or two decent people, another Steve Madden. I guess there is - but I will have to lose five times the initial stake on one or two shorts to find out.
As an investor you can be wrong in ways you never imagined. As a portfolio manager you have to allow for it.