My generation – the Baby Boomers – are beginning to retire, particularly the very successful ones who can afford to retire earlier. They have stayed at work late, risen early, traveled more than they wanted when their children were young, survived under different bosses, ascended through the ranks, and attained ever increasing responsibilities. Now, many…
[VIEW FULL POST]This is not a forum for true confessions, but I have nowhere else to turn. After months of anxious observation, I am finally admitting that I have never witnessed, over my long career, such a wide ability gap favoring the youngest people in the office relative to the senior members of my company in an…
[VIEW FULL POST]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…
[VIEW FULL POST]When acclaimed hedge fund manager Paul Tudor Jones revealed his opinion that women become much less effective as stock traders or investors once they have children, he was, in a sense, suggesting that the distraction of motherhood—a distinctly feminine condition—exceeds that of other attention-siphoning activities. I was reminded of how, almost thirty years ago, I…
[VIEW FULL POST]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…
[VIEW FULL POST]“Leverage” is one of the more interesting and difficult concepts to fully grasp in all of finance, but it’s important for anyone that borrows or plans to borrow money to understand. Much of the confusion stems from the contrasting meanings embedded in the same word. Merriam-Webster’s dictionary includes two very different definitions. The first suggests…
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