Blog Category: Uncategorized

In the dot-com boom I made a little bit of money and then proceeded to make every mistake possible with that money. It was like reading a Stephen King horror story written in blood across your bank statement. Several years later, I included the story in the intro to one of my books and gave […]

This is reprinted from a WSJ article from March but is appropriate today for various reasons: Over the past decade or so I’ve accumulated a number of people who hate me. The list below is not exhaustive, but it provides a guide to possible reasons you might be in that crowd. I make you $41 […]

OMG, you whispered something to someone who whispered to somebody on the subway and a guy overheard and made a trade and NOW YOU ARE ALL GOING TO JAIL! What the heck is happening? Every fund in the world is being raided, people are being threatened on the eve of Thanksgiving with prosecution, and all […]

In 1996 I visited a friend of mine, Zach, who worked as a programmer in an online sex … I don’t know what you call it. A store? A facility? Basically, there were about five cubicles with girls in each one of them. All night long guys would pay for these girls to undress in […]

Lets say you knew that on December 15, 2020, you were going to die in Springfield, Illinois. What would you do? Well, for starters you would probably prolong your life simply by avoiding Springfield, Illinois on December 15, 2020. It just so happens we can use statistics to see the future, and by doing so, […]

No. N.O. If you run a business you have to say this word all day long, every day. “No.” You might be reading this on a subway. Say, you’re taking the F train from Park Slope in Brooklyn to “hedge fund alley” on Park and 48th and you’re reading this article. Don’t be embarrassed. Say […]

It was a big day for my friend. Mike had just been given his annual bonus at his Wall Street job (financial crisis be damned!) and in total he had made $1m. We met for lunch. “Congratulations,” I told him, “you’re a millionaire now.” “I know,” he said, “it’s my first million. Hopefully I make […]