Word: rothchild
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Dates: during 1980-1989
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Poker players rejoice when they detect a fish -- a cheerful, tireless, well- funded loser -- radiating stupidity from across the green felt. Poker, of course, is a low pastime, whereas investment counseling, stockbroking and commodities trading are honorable professions. Still, suggests amateur Investor John Rothchild in this wry and funny confession, the professional gents and ladies of the financial markets are by no means reluctant to gnaw underachieving seafood when it presents itself...
...course, has ever spied a fish in the bathroom mirror while shaving. Rothchild, an author and free-lance journalist when he is not playing the market, had earlier broken about even in some desultory investments ("Breaking even," he explains in a helpful Fool's Glossary, means a "loss as explained to family, friends, and neighbors"). This, he felt, was because he did not know what he was doing. His new idea was logical: take a year to learn as much as possible about investing, then live solvently ever after. His stake was about $16,500, accumulated by selling...
...publisher's only sensible gamble, of course, was that Rothchild would lose. Had the nearly impossible happened and Rothchild transformed his modest pile into $5 million or $10 million, the book project would have lost its urgency. If he had finished the year with, say, $25,500, a respectable profit of more than 50%, a book would have been pointless. Who needs How I Made $9,000 by Incredibly Shrewd Investing? Though Rothchild may not have realized this at the outset, only calamity could produce a level of melodrama salable in bookstores. (He is not a member of the illustrious...
...netted him $1,200 over the period of his adventures) and went looking for trouble. A financial consultant offered to relieve him of all anxiety, and of a fee of 2% to 4% of his assets, by drawing up a sensible budget. This was not the sort of trouble Rothchild had in mind. He studied hard, listened carefully to a succession of brokers and analysts, and lost steadily. His only good advice came from an astrological marketeer who explained that "electrically charged investors turn positive or negative in sympathy with the positive or negative atmospheric polarity." This seer said...
Sweeney led in the shotput as well, heaving it 49-ft., 7-in. for an easy first. His teammate Harry Rothchild followed with a personal best of 47-ft., 10 1/2-in., taking second place in the competition...