Word: dotcomism
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...British investment banker and a Greek tycoon. Affleck says it's not hard to see why poker has wide appeal. "There's elimination," he says, "there's victory, there's defeat and there are real stakes involving everyday, normal people." And some very smart people as well. "The dotcom generation loves poker. It gives you a sense of control you don't find in other games," says Howard Schwartz, the proprietor of Las Vegas' Gambler's Book Shop. "It's a roller coaster with an adrenaline high." Schwartz links poker's popularity to a natural migration from other games. "Blackjack...
...after losing his job in the dotcom bust, Kurth decided to leave Chicago and follow his passion. Instead of taking another corporate job, he ended up in Portland working in marketing for a Sonoma County--based vintner. "I realized that lots of people would like to do that sort of thing but aren't ready to risk their security in search of a dream," says Kurth...
...equities. [With hedge funds] we want to get some absolute income in." Yet even though the interest of big institutional funds has enhanced hedge funds' respectability, experts encourage investors to tread warily. The market has grown so quickly that some commentators are comparing the hedge-fund boom to the dotcom bubble. While the best funds do make lots of money, they generally require a long-term commitment from investors. And the lack of consistent and transparent strategies among various hedge funds doesn't help. Says Ian Morley, CEO of Dawnay, Day Olympia, a joint-venture asset management concern: "Hedge funds...
CONVICTED. FRANK QUATTRONE, 48, star investment banker who shepherded some of the hottest companies of the dotcom stock boom to the public market and made $120 million in 2000 at Credit Suisse First Boston; of obstructing justice and witness tampering; in New York City. His first trial last fall ended in a hung jury...
...CONVICTED. FRANK QUATTRONE, 48, star investment banker who shepherded some of the hottest companies of the dotcom stock boom to the public market and made $120 million in 2000 at Credit Suisse First Boston; of obstructing justice and witness tampering; in New York City. His first trial ended in a hung jury...