Prince Alwaleed, you are awesome.


What is it about Prince Alwaleed bin Talal bin Abdul Aziz al Saud that captivates me so? Is it that serious “I will buy and sell your whole family” look that draws me in? The Wayne Newton hair? Those dope tinted aviator eyeglasses? The Ron Jeremy porn-stache? Or is it all of the above?

No, its the fact that according to him in a recent interview, he mentioned that he bought his roughly 180 million shares of Citigroup at an average price of $2.75 a share. The last time it was around that price? 1991. And he has the balls to gloat about it! What a badass. Even at its current prices, that is still over a 10X gain on his money.

When discussing a possible successor to Chuck Prince, Alwaleed had the following to say:

Q: Do you have anybody in mind?

A: Frankly speaking [and he LOVES to say “frankly speaking”], I don’t have anybody in mind….My recommendation and advice for them is they don’t hire anyone unless this guy has expertise in banking. I told them, next time no lawyer, please.

Ouch. Guess I should withdraw my resume.

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