The Work Day I find myself in full-on, task-oriented, deadline and goal-oriented mode. All it takes is a specific project like my latest expert assignment and a tight timeframe and I am at my desk first thing in the morning, working until my iPad runs low on juice (~4 hours), taking a break to check in on my other responsibilities ranging from my scientific R&D company to my teaching gig to the various projects I…
On Your Mark We are lying in a comfortable king-size bed in the Edgewood Lodge on Lake Tahoe in Stateline, Nevada. It is a full-service resort, which has all the trappings of a Four-Star resort. The gatehouse with guard, the valet parking only, the vaulted yet modern lobby that screams Lake Tahoe and the magnificent views from its lakeside perch. When we check in we get a cute silk gauze bag with hand sanitizer and…
Amazon on My Mind It is said that when Jeff Bezos was taking his now-famous cross-country trip to move to Seattle, he wrote the business plan for his new business idea. That idea was to build the world’s biggest bookstore using this new concept that was gaining traction in 1994, the Worldwide Web. The internet and its packetization of information across large and remote data networks had been building in the defense and academic worlds…
A Good Day Fridays are most often good days. I believe that gets a bit blurred by both my partial-retirement status and the Coronavirus situation that has one day flowing into another with much less differentiation between weekdays and weekends. To be honest, this year it is hard for me to even realize this is summer versus any other time of the year since the weather out here in San Diego is nice all year…
What Comes Around The year 2008 is often referred to by many in the markets as the ultimate ”annus horribilis”. That is a bit hard for me to reconcile because where my personal “annus horribilis” was rightfully 2007 based on the the disastrous episode with the Bear Stearns Asset Management hedge funds that hit the wall of the CDO (collateralized debt obligations) and sub-prime mortgage crisis, that was also the joyous year (earlier in the…
The Dinner Table In the world of banking, it shouldn’t surprise you to learn that most big firms manage somehow to insure that their top two people are not so fervently politically aligned that when (notice I did not say “if”) the opposing party takes office, the firm is not left without sympathetic inroads into the halls of power, perhaps when they need it the most. I have never figured out exactly how that process…
Secrets of the Digital Universe I feel I owe you all some resolution on several unanswered mysteries that have been plaguing me for the past few months. I have found over the past fifty years that the old medical school adage to “think horses, not zebras” is more true than not and and serves us well when trying to solve mysteries. The complicated conspiracy theory of the dead neighbor having set up a ruse to…
Captain Bob It was in 1989 when I was running the Global Derivatives business of Bankers Trust. I was in London, one of our three big offices in the Derivatives business, in addition to New York and Tokyo. Suddenly I had an E.F. Hutton moment when the entire trading room goes quiet for a moment as someone from the derivatives desk yells over to me across the floor the Robert Maxwell is on the phone…
Home Ownership They say that pride of ownership means everything and I sometimes understand that and at other times ponder its wisdom. It has always appealed to me to think that this life is all about dust to dust and that in the long run, none of us own anything other than the love we give and the love we take with us. Everything else is flotsam and jetsam. I know that some families like…
What Goes Around In November 1985, I was sitting in my corner office on the third floor of 280 Park Avenue. I used to call that the “cafe” office because it was close enough to the street to feel a part of the hub-bub out on Park Avenue and yet it was above it all. To be clear, I was thirty-one years old at the time, which is almost hard for me to imagine in…