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Posts Tagged ‘centuries’

Opinion: Economic correction requires cultural shift

Wednesday, September 30, 2009 : Permalink
Arizona Star – Centuries ago, historians came up with a classic theory to explain the rise and decline of nations. The theory was that great nations start out tough-minded and energetic. Toughness and energy lead to wealth and power. Wealth and power lead to affluence and luxury. Affluence and luxury lead to decadence, corruption and decline.
“Human nature, in no form of it, could ever bear prosperity,” John Adams wrote in a letter to Thomas Jefferson, warning against the coming corruption of his country.

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This Hedge Fund Manager Tries to Short Himself: Michael Lewis

Friday, October 24, 2008 : Permalink

Bloomberg – The first time I sensed the alarming change in my soul was when I caught myself, five minutes after the market open, reaching for a reefer.

Trust me, I didn’t amass legacy wealth (underestimated by Forbes magazine in the high eight figures) by smoking weed during trading hours. Exhaling that first hit I thought and might even have moaned aloud: “Whoa, dude! Why are you even running a hedge fund?” The markets were collapsing, and so was my passion.

Bloomberg subscribers have come to know me as a seriously successful hedge-fund manager who tries to serve society in more ways than one. Not only have I made as much money as possible, and proven the natural inferiority of the little rich-kid idiots from Harvard and Yale who went to work for Lehman Brothers Holdings Inc. I have also freely shared my thoughts and opinions with you.

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