Ignoring Reality Last night I watched the third Republican Debate. The issues in any of these debates revolve around a combination of social policies, global defense policies and economic policies. Everyone in politics is pretty clear that social and defense policies can stir people up, but nothing gets them more riled up than economic policies. It is fair to say that Republicans have always (at lest since WWII, which is the timeframe I can at…
The Sphere We have come to Las Vegas to see the new extravaganza called The Sphere, brought to us by James Dolan, the owner of Madison Square Garden, Radio City Music Hall and much more. I figure that anything worth putting $2.3 billion into to change the attractions landscape is worth a look. So, I gathered some enthusiasm for an excursion from San Diego by convincing Mike and Melisa to join me and Kim for…
The Full Spectrum I have written before about my old problem’s with Verizon and AT&T and trying to cancel services that these companies simply don’t want to cancel. They seem to have a business model predicated less on keeping customers happy than on making sure that it is as hard as humanly possible to cancel their service and thus stop paying them their monthly tariff. Usually, after holding incessantly on the phone for a representative,…
Going Back to Work When people ask me if I’m retired, I usually start by saying yes, then I sort of hedge myself by saying that I keep active by teaching and doing expert witness work. I think I am done saying that I teach, but I am busier than ever with expert witness work, having, at least for the moment, a very regular flow of activity from a handful of cases. Since May of…
The Gift That Keeps On Giving In the fall of 1998, twenty-five years ago, my long-time friend and partner, Bruce had an idea. A group of us had invested with Bruce in a company founded and run by two of his friends a year or so earlier, and now that our firm was selling itself to the big German bank Deutsche Bank, most of us were thinking about our next act. To put it into…
The Big Fidu My expert witness firm is expanding its footprint and as one of the original horses in their stable, I am called up to support the initiative an whatever ways I can. What’s good for SEDA has pretty much been good for me. So, after seeing my name attached to three noteworthy case outcomes and remembering that I have previously written two articles for the firm’s newsletter, I decided that I needed to…
Cashing the Check For my many years in senior management on Wall Street, friends would regularly tell me that I was too nice for Wall Street. That was a polite way of saying that I was a pussy and refused to treat people harshly. Don’t get me wrong, I have had to downstaff thousands of people over the years, but I also always gave people the benefit of the doubt and tried never to take…
Little Maxie Back in 2012 (hard to believe that was 11 years ago!) I was just starting work on the New York Wheel project. That seems like a lifetime ago at this point, but then I was living with Kim at our South Street Seaport condo and as of late July, I was on payroll as the CEO of New York Wheel, which had offices at 19 State Street, a curved glass high rise building…
The Birkenstock Dream This evening we are watching a movie we know that we have seen before, but which is less than fully memorable to us since so much of it is subtitled. It is the 2022 film called The Swimmers, and it is a real story about two Syrian girls that are trained Olympic swimmers. It tells the harrowing tale of their escape from war-torn Damascus, leaving their family behind for the time being,…
R* R* is something that I don’t recall seeing before today, which is probably an indicator that I’m not as fully tuned into the world of global finance, as I like to think I am. R* was mentioned in the Financial Times headlines this morning with the title of “the most important chart in the world”. R* is defined by the Federal Reserve as the natural rate of interest, a rather theoretical concept that gets…