Playing the market

[Conor Friedersdorf]

Soon I'll run out of links to the best financial stories I've ever read, since I don't read financial stories very often, but another gem is this piece by Michael Lewis, who is the kind of crazy genius that can make anything seem interesting -- even the career of a middle-aged investment consultant.

Here is a sexy excerpt:

Then he caught a break. He met a girl who liked him. The girl went and told a friend about him. That friend was the business manager for the Rolling Stones. One thing led to another, and the Rolling Stones handed him $13 million to invest.

The argument in the piece is that you shouldn't ever give $13 million -- or even $1,300 -- to anyone to invest in the stock market for you, because the whole profession is a dishonest racket where arrogant con men get paid ridiculous sums to perform work that is of no value to their clients or society.

There is another Michael Lewis piece that I can't find online -- anyone have a link? -- about how hot his wife is and what it is like to be married to someone that beautiful. He loves her a lot.

Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

The Best 71-Second Animation You'll Watch Today

A rock monster tries to save a village from destruction.

Video

The Case for Napping at Work

Most Americans don't get enough sleep. More and more employers are trying to help address that.

Video

A Four-Dimensional Tour of Boston

In this groundbreaking video, time moves at multiple speeds within a single frame.

Video

Who Made Pop Music So Repetitive? You Did.

If pop music is too homogenous, that's because listeners want it that way.

Video

Stunning GoPro Footage of a Wildfire

In the field with America’s elite Native American firefighting crew

More in Business

Just In