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 Blacksmith: A Short Film About Art Forged From Metal

"I'm exploiting the maximum of what you can ask a piece of metal to do."

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

Riding Unicycles in a Cave

"If you fall down and break your leg, there's no way out."

Video

Carrot: A Pitch-Perfect Satire of Tech

"It's not just a vegetable. It's what a vegetable should be."

Video

An Ingenious 360-Degree Time-Lapse

Watch the world become a cartoonishly small playground

Video

The Benefits of Living Alone on a Mountain

"You really have to love solitary time by yourself."

Video

The Rise of the Cat Tattoo

How a Brooklyn tattoo artist popularized the "cattoo"

More in Business

Just In