Business Advice Memoir

Gentleman in Waiting

Gentleman in Waiting It’s a funny thing in the expert witness game, the generally accepted view is that an expert’s ability to write extensive and factually accurate reports and rebuttals, all properly referenced and footnoted, is one level of proficiency. Being analytically astute, compelling and hard-charging are all attractive attributes but the analytical and written work constitutes only one level of proficiency as an expert. Please understand that these are very long and involved reports…

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Business Advice

Investment Advice

Investment Advice The old saying is that advice is worth what you pay for it. I am guessing that other than a doctor, an investment professional gets asked for free advice more than anyone else. Lawyers may fit into that spectrum somewhere as well, but I’m guessing that if you could meter advice you would find aches and pains in the lead, closely followed by how to make or not lose money, with the query…

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Business Advice

Treat Em’ Mean It Keeps Em’ Keen

Treat Em’ Mean It Keeps Em’ Keen I have a Welsh friend and while I have never been to Wales, I imagine it as a hard place where life has to be worked for one inch at a time. This friend was a rugby-playing, bar-brawling intellectual that one would think was reasonably enlightened, but no so much. Don’t get me wrong, he is a great friend of mine and we are Godfathers to one of…

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Business Advice Fiction/Humor

Dead Presidents

Dead Presidents Tomorrow is President’s Day. That makes this President’s Week when many school have their winter holiday. My own grandkids are up at my house in Ithaca enjoying the snow during their week off. George Washington was born on February 11th, and conveniently, the only other United States president whose birthday we choose to deem worthy of celebration is Abraham Lincoln, who was north on February 12th. For many years we celebrated each of…

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Business Advice Politics

A New World

The New World Yes, the market expected modest jobs growth of 50,000 in the first reporting of the new year, and the number fell short by 1,000 with non-farm job growth of 49,000, but unemployment, which was expected to stay at about 6.7% at least fell to 6.3%. Overall, I suspect the markets and economists will take that as good news for the economy. Jobs growth is one of the common measures that everyone agrees…

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Business Advice Memoir

You Can’t Win Against Crazy

You Can’t Win Against Crazy When I was a founding partner of a venture capital company that would up being very successful, I learned several important lessons. We had one company that failed early because the young, 23-year-old CEO started having a meltdown early on. He was a co-founder of his company and his partner was the reason we were in the investment in the first place. He got crosswise with that partner and used…

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Business Advice

The Stop Game Stop Game

The Stop Game Stop Game I have been asked by several friends to write about the Game Stop issue and whether this is a new trend with the little guy triumphing over the big institutional investors on Wall Street. I know that everyone loves an underdog story, a David and Goliath battle where the stone and sling slay the giant. Everyone wants this to be a turning point where the rich stop getting richer and…

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Business Advice Memoir

Getting Paid

Getting Paid I have a friend who worked with me for fifteen years twenty years ago. Think about that for a moment, its been longer since we worked together than the time we worked together. He was one of three of us partners of our firm that were always called upon to act as Master of Ceremonies for whatever gathering we had. I guess that was because we each had a degree of presence that…

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Business Advice Memoir

Remember Bitcoin?

Remember Bitcoin? About six years ago I helped a fellow Cornell Business School alumnus launch a new venture capital fund. It was to be focused on Fintech or financial technology companies, an area that held a great deal of interest to me since the democratization of finance had been a topic of thought by me and those around me during my career for a long time. The penultimate Chairman of Bankers Trust Company, the formative…

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Business Advice Memoir

Coping

Coping In 1997 I was on the Management Committee of Bankers Trust Company after twenty years of rising through the ranks and having taken on a wide diversity of roles in many different businesses. I had served in mostly line management capacities, but had also had a few staff positions, all with a growing breadth of responsibilities. In other words, I had risen through the middle management levels and was one of the firms leadership…

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