Blog Category: Trading

I hate that the news stream is filled with news about Osama. Probably it will be all day. Such memories of helplessness it brings back for everyone. I was four blocks from the World Trade Center, standing on the corner of Reade and Church at 8:45am. Dan asked me, is Air Force One coming to […]

I’m really bullish on stocks and the economy but I don’t think most people should waste their money investing in stocks. You might as well flush it down the toilet. Or throw a big party. We already went over that. And please don’t buy a home. Just relax a little bit if you have some extra money. […]

In 2003 I really disliked Warren Buffett. Like, I personally hated him. After 9/11 he stated “We’re going to have something in the way of a major nuclear event in this country. It will happen. Whether it will happen in 10 years or 10 minutes, or 50 years … it’s virtually a certainty.” Everyone on […]

I made the worst decision in venture capital history in late 2000. I was a partner at a venture firm called 212 Ventures. What? You never heard of it? We had $100 million from Investcorp, $5 million from CS First Boston, $5 milion from First Union (which became Wachovia) and $5 million from UBS. I […]

I wanted to change everything and have it all be better. I was sitting in the waiting area of Stevie Cohen’s office (the biggest hedge fund billionaire out there) and I knew that within a few minutes my life would change. Every now and then you have those moments when its up to one person […]

I needed to make one hundred million dollars pretty fast. You know how it is. There are bills to pay. There are things you want to do in life. I wanted, for instance, to work as a cashier in a bookstore. But with a twist. I would own the bookstore. I wanted to do a […]

The first time I met Cramer was on the set of his show “Mad Money”. The show hadn’t officially launched yet but he wanted to try out the idea of having guests on the dress rehearsals. I was the first guest. I did so poorly he immediately dashed the idea (at least initially) of having […]