Word: stockely
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...Outfitted in a sweater and bow tie, his elastic features sporting a nonstop smile, as if he were laughing at his last or next joke, Sales was a Mr. Rogers for kids who didn't watch PBS. Yet there was educational value to his work. Dipping deep into the stock of humor that had sustained stand-up comics from vaudeville and the Borscht Belt, he taught kids what was funny. (See a pictorial tribute to Jerry Lewis...
...Textbook magnate N. Gregory Mankiw’s stock portfolio dipped. Economics department chair and hedge fund adviser John Y. Campbell got out too early. Even conservative investor Claudia Goldin suffered a drop in her retirement fund...
...That was when I realized that, as a hobby or a part-time job, I was making far more per hour gambling than I was teaching,” Ian says, in his own version of a stock statement among professional gamblers. Disgruntled, under-appreciated—and then bewildered, struck by the clarity of the situation like Saul encountering the Lord: it’s a trajectory many working gamblers describe when they recount their transition from what some may call a “normal” life to a more alternative one. After five years teaching...
...your house?’ It’s a legitimate question, but it’s taken a while to explain to my parents that if you do it properly, it’s a lot like managing your portfolios. Could you lose everything you own in the stock market? Sure you could. But you can balance your portfolio such that essentially, your risk of ruin is zero...
...It’s something which is very counter-intuitive to a lot of people,” Ian says. “I laugh when people are like, ‘It’s so risky!’ Do you have money in the stock market, or do you have money in a hedge fund? Here, at least I’m more or less betting on my assessment of myself rather than handing my money over to somebody else...