God Must Really Hate The Tavistock Cup...

...what with this silly rain delay forcing the boys to come back at 8:30 a.m. to finish up the WGC at Doral. Larry Dorman reports that Geoff Ogilvy was about the only player who would spend a few minutes with the scribblers, while Jeremy Fowler tells us far more than we ever wanted to know about how the Tavistock Cup and how the demonstration of conspicuous consumption will go on.

Comments

[Greg]

Isleworth--nice homes, bland golf course

[sodface]

I don't know about Dorman's statement that the back nine at Doral will "be the most eventful of Ogilvy's career." The guy has won a major and will likely contend in many more in the future.

[John Sullivan]

The Tavistock Cup !!!! Boring !!!

[Iggy]

But better than Arnold Palmer Golf Gala.

[Eric Stratton]

I kind of wonder if this may be the last playing of the Tavistock Cup...otherwise known as the Joe Lewis Invitational.

In case you didn't know, Jumpin' Joe invested $1.26bn (yes, billion) in Bear Stearns stock, he's the single largest shareholder. Today that stock is worth $145mm (yes, million), better than the $24mm from a few days ago but still, that's a $1.15bn loss in less than a year.

According to the March issue of Forbes Joe Lewis was #396 on the billionaire list worth $2.5bn. I find it staggering that he would bet half his net worth on a situation in which he had no edge whatsoever...

...basically he took a flyer on a tip - unreal.

ES