Money and Finance
- Hedge-fund World's One-man Wealth Machine
Link to article: Hedge-Fund World's One-Man Wealth MachineDavid Abrams Built His Fortune Effectively Going It Alone In the Back Bay neighborhood of Boston, one man is building a moneymaking machine that rivals some of the hedge-fund industry's...
- The Moral Power Of Curiosity – By David Brooks
Link to article: The Moral Power of CuriosityMost of us have at one time or another felt ourselves in the grip of the explanatory drive. You’re confronted by some puzzle, confusion or mystery. Your inability to come up with an answer gnaws at you. You’re...
- Michael Steinhardt, Wall Street's Greatest Trader, Is Back -- And He's Reinventing Investing Again
Link to article: Michael Steinhardt, Wall Street's Greatest Trader, Is Back -- And He's Reinventing Investing AgainDuring the three decades that Wall Street grew up, morphing from a gentlemen’s investment club into a global financial colossus,...
- The End - By Michael Lewis
To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...
Money and Finance
A Bazillionaire's Guide to Stress Relief - By Michael Lewis
The latest entertaining sarcasm from Michael Lewis...
Link to article: A Bazillionaire's Guide to Stress Relief
Link to article: A Bazillionaire's Guide to Stress Relief
I’d like to start by making a confession: It’s never been easy being me.
Managing billions of dollars of other people’s money, and countless millions of my own, has been highly stressful. There was a time when I thought my anxiety, not to mention the investigations of my affairs by various U.S. government authorities, might break me -- and so, on the advice of my attorneys, I took some time off. But that period of my life, thankfully, is now over. Just last week, for the first time in months, I fired up my Bloomberg terminal!
There I discovered that I’m not the only extremely distinguished Wall Street trader whose life is more difficult than ordinary people understand. Looking over the stories that people who can afford Bloomberg terminals have been e-mailing to one another over the past few months, I see the anxiety of financiers hitting new highs: Old bankers have been killing themselves; young bankers, burned out by their 90-hour-a-week jobs, have been quitting in droves to work for startups; hedge-fund managers are now telling the public that the stock market feels so dangerous that they are selling their holdings and going into cash.
The most widely circulated horror story was about people giving up golf. Apparently, Wall Street guys have been fleeing their game because their anxiety has them feeling they need to text all the time, and they can’t free up their hands long enough to swing the club. It’s like we’ve all become teenage girls.
So maybe I shouldn’t have been so surprised that the story that got all of Wall Street’s attention was about a hot new stress reduction strategy: transcendental meditation. Several of my esteemed hedge-fund colleagues apparently actually do this. David Ford told Bloomberg Pursuits that his mantra helped him make a killing in the emerging markets crash -- and he isn’t alone.
“Ford is part of a growing number of Wall Street traders, including A-list hedge-fund managers Ray Dalio, Paul Tudor Jones and Michael Novogratz, who are fine-tuning their brains -- and upping their games -- with meditation,” said the story, which went on to say that the TM classes at Goldman have a waiting list of hundreds.
- Hedge-fund World's One-man Wealth Machine
Link to article: Hedge-Fund World's One-Man Wealth MachineDavid Abrams Built His Fortune Effectively Going It Alone In the Back Bay neighborhood of Boston, one man is building a moneymaking machine that rivals some of the hedge-fund industry's...
- The Moral Power Of Curiosity – By David Brooks
Link to article: The Moral Power of CuriosityMost of us have at one time or another felt ourselves in the grip of the explanatory drive. You’re confronted by some puzzle, confusion or mystery. Your inability to come up with an answer gnaws at you. You’re...
- Michael Steinhardt, Wall Street's Greatest Trader, Is Back -- And He's Reinventing Investing Again
Link to article: Michael Steinhardt, Wall Street's Greatest Trader, Is Back -- And He's Reinventing Investing AgainDuring the three decades that Wall Street grew up, morphing from a gentlemen’s investment club into a global financial colossus,...
- The End - By Michael Lewis
To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...