turneyduff 
By now, even my mom knows that Shake Shack went public on Friday and more than doubled its initial offering price on the first day of trading. When she called me on Sunday, she asked if I had bought the stock. I said no. My mom has never had one of their burgers, but I told her … Read more
What’s the best way to blow up a hedge fund without using dynamite? A. No risk management B. High financial leverage C. Excessive concentration D. Hoping… E. All of the above Read Full Article at CNBC
The damn bus is late again. I wait. I wait some more. I wait until I see the big yellow school bus make a wide turn around the corner at the end of the block. It’s headed for our stop. When Lola, my nine-year-old, gets off the bus, she heaves her backpack at me. It … Read more
Here’s a video and article I did for CNBC. Wining and dining is paramount in business, especially on Wall Street. When the office lights go out and the city lights come on — it’s time to shine. What happens after the closing bell is as important as anything that happens during the day. A business … Read more
Kennebunk High School, 1987 I peeked into the classroom to see if my teacher was alone. He wasn’t. Some other student was getting extra help after school. I started to pace back and forth in the hallway by the burnt-orange lockers. I guess you could say I was nervous. It was my first-ever pitch meeting, … Read more
As the new year begins, I’m still reflecting on how our news feeds on Facebook were filled with tragedy, angst and social unrest over the last 12 months. Robin Williams, Philip Seymour Hoffman and Maya Angelou died. The deaths of Michael Brown and Eric Garner sparked outrage against police brutality and racism. Add L.A. Clippers … Read more
An excerpt from my book The Buy Side about the last day of the trading year. The rest of Christmas week is quiet, as is Monday and Tuesday the following week. Though trading on Wednesday, New Year’s Eve, is also light—the Street is making last-minute plans or hoping to get out of Dodge—for me it’s … Read more
One of the first mediums I ever saw was Whoopi Goldberg on screen as Oda Mae Brown in the 1990 movie Ghost. She played a charlatan who discovered, to her surprise, that she actually did have psychic ability. But that was just Hollywood being Hollywood, I thought. It’s not real. A year later, a friend … Read more
This is a true story that happened to my friend Christina years ago. She was working at a public relations firm with a pack of twenty other recent college graduates. Just a step above interns, they were expected to do everything except use their brains. Still, they were happy to be employed and hoping to … Read more