There is only one side of the market and it is not the bull side or the bear side, but the right side.
April 19, 2011
“No! I can’t talk to you now. Call me another time,” bellowed the man on the other end of my phone. Despite the abruptness, the voice had sounded cultured … even upper class. But then why wouldn’t it? As a young broker, I had cold-called the Chief of Psychiatric Services of Harvard University. It was 1966 and my firm,...