Category: Ethics

What to Do When You Almost Have Inside Information

I have spent my career in the investment business and have participated in thousands of meetings or calls with managements of public companies. A few times, I have received inside information, and I guarantee that you know when you’ve got it. When I worked at a large mutual fund company, we had ample instruction on…

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The Risk of Following Caitlyn Jenner

I am 100% supportive of Caitlyn Jenner’s journey of self-actualization, as well as anyone’s effort to “follow their passion” or “trust their instincts.” However, from the moment of Caitlyn’s unveiling, I have wondered whether any of the media, drooling in anticipation of a new quote from the former Bruce Jenner, would describe the risk of…

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When to Tell Your Employees to Stay Home

When I sat at my computer last week, trying to write out a policy explaining under what extreme circumstances we might need to close our office and how we would define our work schedule on days when people might not be able to get to the office, I thought back to a situation several years…

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Why You Should Try to Save Your Security Guard’s Job

Two weeks ago I found out that we were about to lose both our morning and afternoon security guards, who have worked for many years at our five story, 114,000 square foot downtown Boston office building.  The new owners authorized the management company to bid out all support contracts, including security, resulting in a different…

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THE JOY OF RUNNING IN THE DARK

This morning, I did something that I have done at least once and often four or five times a week for nearly 30 years; I went out running in the dark.  This has been a particularly challenging winter with tons of snow, and, more important, lingering ice on the street, but I have my secret…

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Is It Ever OK to Break Into Your Colleague’s Computer?

Rick was looking for Kelly, one of the analysts who supported his consulting team. Kelly’s hours were a mystery, and Rick was confused and annoyed. He tried to check her calendar online, but, after struggling to locate it, he solicited help from an IT specialist. They found all sorts of surprising weekday appointments at the…

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To Catch a Thief: What We Can Learn From Online Dating

As I woke on a recent morning, the first thing I heard on the radio was a story about Florian Homm, a flamboyant German financier who had been on the run for five years for allegedly stealing over $200M from his Absolute Capital Hedge Fund. Mr. Homm was arrested in a sting operation at none…

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Steroids, Stocks and Too Good to be True

What can investors learn from the sagas of Lance Armstrong or Roger Clemens? Are there lessons from observing the spectacular career heights and precipitous declines of some of our most celebrated athletes? We exalt in the extraordinary because it makes us feel closer, as humans, to grandiosity ourselves.

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