This is a continuation of a theme started earlier, in this post On Entrepreneurship, Part I Founding an investment firm A friend from college once explained to me that, growing up, he didn’t realize his family was wealthy.  His dad worked at an investment firm, and they had a comfortable lifestyle, but my friend noted

With the announcement that MF Global Trustee (and former FBI chief) Louis J. Freeh will charge Jon Corzine for failing in his duty to oversee the company, the meaning of Jon Corzine shifts once again. Prior to this announcement, I understood the meaning of Corzine primarily through the following investment aphorism:[1] “One of the worst

I love a contrarian argument, and once upon a time I enjoyed Wall Street bonuses, so you can imagine my delight to receive in my inbox a link to a video from MinuteMBA[1] titled “In Defense of the Wall Street Bonus” yesterday. The video is worth watching. The video is also a great example of

I learned from Michael Lewis’ article in this month’s New York Review of Books that the English have a particularly literary strength compared to us Yanks. After quoting a passage from John Lanchester’s Capital featuring the inner quotidian dialogue of a Londoner named Ahmed, Lewis observes: You can find this sort of thing on every other