I had my rst job at the age of ve, picking up bottles at baseball games.
Little did we know that we were buying at the top. engendered by the Korean War. Our investment in beef was wiped out in the postwar price collapse.
I considered medical school, law school, and business school. I loved learning things
I fell in love with Wall Street. I had always wanted to know as much about current aairs as I could, and I was astounded that on the Street someone would pay me for guring out that a revolution in Chile would drive up the price of copper. Besides, I was poor and wanted money in a hurry and it was clear there was plenty of money there.
I was a coxswain on the crew
I was lucky enough to win an academic scholarship to Oxford
Balliol bursar
hedge fund, which is a sophisticated fund for foreign investors that both buys and sells short stocks, commodities, currencies, and bonds
read The Wall Street Journal and the Financial Times
watershed, something that would mark a new beginning for the rest of my life
In 1980 it was dicult to circle the planet—you couldn’t get anywhere. There were twenty-ve to thirty wars going on, and the Communists wouldn’t let you pass through Russia or China
It was as if I’d been sitting outside a door, knocking on it every day for nine years, and it never opened, and then one day the damn door did open
here were these Russians who considered long-distance motorcycle riding a sport. Lesson number one in going around the world: Know enough about the culture you’re entering so you can maneuver in it; otherwise you’ll get locked out.
more than half the world—is still rough, wild, unpaved, savage.
I bought foreign currencies, mainly certicates of deposit denominated in guilders or deutsche marks, reasoning that the dollar would go down as the politicians cut interest rates.
Ireland is a victim of statism, which my dictionary denes as the concentration of economic controls and planning in the hands of a highly centralized government, and which I further dene as the belief that the state is the mechanism best suited for solving most if not all of society’s ills, be they health related, natural disasters, poverty, job training, or injured feelings.
Margaret Thatcher was the rst major example of a leader who reversed this trend. When she was elected in 1979, Britain was bankrupt from its government’s eorts to solve every social problem. She began to sell o the assets and businesses that had been nationalized by the Labour Party, invigorating the country’s economy.
high prices cut back demand
If something was wrong with Tabitha internally, better to be closer to a large city than out here in the middle of farmland.
Riding the bike, having the wind in our faces
I had wanted to buy her a BMW R100RT motorcycle like mine: a heavy 1,000-cc machine with electric starter, cassette deck, heated handlebars—all the comforts of home.