Alfidi Capital salutes fellow non-preppie made good, Carl Icahn, for his relentless assault on stupidity in business:
Activist investor Carl Icahn stepped up his battle against Steel Partners on Friday when he urged other investors to join him in opposing the hedge fund firm's recently announced plans to go public.
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The lawsuit said Steel Partners was trying to turn its main fund into a publicly traded company instead of selling assets to return the money that investors had demanded to get back late last year when the fund suffered heavy losses.
I like Carl Icahn for several reasons. One, he invests in railcars, a transportation-related industry vital to the economy. Two, he's declared war on hedge fund chicanery. Three, he dislikes preppies as much as I do. Preppy hedge fund managers mistakenly think that clients' money is really their own money, which is why they feel no need to honor redemption requests. Finally, Carl Icahn is a financial blogger just like me. You can read his musings on shareholder activism at The Icahn Report, which I've added to my blogroll at the right.
Here's to you Carl! I'll raise a virtual negroni in your honor. 
