I was a futures trader for six months back in the roaring '90s, fortunately not using my own money. At the end of it all, I had exactly broken even – less the commissions paid on all my trades. So for me it was like flipping a quarter except I was charged a nickel for every flip. Meanwhile my boss (whose money I was trading) was down $100K over the same time period.
No, he was rich enough that $100K (plus the tiny amount of money he paid me) didn’t really mean anything to him. The amusing thing was that he was friends with a bunch of San Francisco venture capitalists worth hundreds of millions of dollars and he was just burning up with jealousy despite being worth millions himself and owning a business that paid him about $40K a month – a state that any normal person would be thrilled with.
I was a futures trader for six months back in the roaring '90s, fortunately not using my own money. At the end of it all, I had exactly broken even – less the commissions paid on all my trades. So for me it was like flipping a quarter except I was charged a nickel for every flip. Meanwhile my boss (whose money I was trading) was down $100K over the same time period.
Did your boss end up blowing strangers behind dumpsters for 20?
No, he was rich enough that $100K (plus the tiny amount of money he paid me) didn’t really mean anything to him. The amusing thing was that he was friends with a bunch of San Francisco venture capitalists worth hundreds of millions of dollars and he was just burning up with jealousy despite being worth millions himself and owning a business that paid him about $40K a month – a state that any normal person would be thrilled with.