turneyduff 
For most people, getting a $3.6 million bonus would be a day to celebrate and high five a bunch of people. For Sam Polk, it made him mad. Why? Because it wasn’t enough. “I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted,” Polk wrote in a 2014 … Read more
Ah, summer. A time where many of us stuff a towel, sunscreen and a great book into our weekend bag. Next stop — the beach. So, what’s Wall Street reading? Are they turning the pages for pleasure, like the rest of us, or looking for guidance to navigate this crazy market? I checked in with … Read more
Every year at this time, big money flows from New York City to the Hamptons. Wall Streeters trade in their bespoke suits for Orlebar Brown swim shorts and linen shirts and head to the land of high hedges, exclusive clubs, VIP parties and good, old-fashioned barbecues. It’s the summer sprint that starts at Memorial Day … Read more
Traders on Wall Street are always looking for the next land mine. And, despite having eight monitors in front of them, they’re usually just focused on a few indicators that may dictate significant investment decisions. In 2006, everyone was focused on housing. In 2008, all eyes were on credit which was a major reason for … Read more
Wall Street used to be brazen about its spending. Traders would spend large amounts of money to attain or maintain a certain social status. It was like “Keeping up with the Paul Tudor Joneses.” But there’s been a shift happening over the last decade. I did an informal poll of 50 Wall Street professionals and … Read more
Phones in tiny real-estate offices on every Main Street in the Hamptons have started to ring. It’s that time of year again: When Wall Street starts vigorously making plans to travel east for the summer. Last summer was good for Hamptons business owners: A fresh breeze of optimism blew through Wall Street as the economy … Read more
The sommelier opened and presented the bottle. He poured a few drops in front of Tom, the broker picking up the check. Tom sipped it and then closed his eyes. We all watched in anticipation. Tom opened his eyes ad nodded yes. It was a good bottle. As I took my first sip, the guy … Read more
As someone who’s been affected by Alzheimer’s disease, I know how difficult it is on everyone involved. It’s challenging, takes patience and is demanding. It’s sad watching a loved one lose a sense of reality. The only thing caregivers can do is create the best environment possible and love them. I remember how terrifying it … Read more
“Insider trading used to be so easy,” a hedge-fund trader of 15 years said. “The days of getting a wink of an upgrade, a nod of an eminent takeover or a fast call to front-run sizable order flow are a thing of the past. These days you have to be much more sophisticated.” I called … Read more
