Let’s Hear Your Strangest Finance Story, This Is Mine:
Posted by Timothy Sykes on Sun 25th of Jan, 2009 08:45:49 AM
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So you know how I like ripping on how weird/sketchy some/most traders/value investors/brokers/ANALysts are—probly something to do with being in an industry full of frauds, liars and cheats while still being able to bank hundreds of thousands to millions annually/mistakenly believing life is all about $…
Well, don’t just take my word for it, I’ll tell you the strangest story I have and I’d love it if you could post yours below…sooner rather than later this industry is becoming more transparent, especially with the help of the internet, blogs and websites like Covestor & StockTwits, forcing the weirdos out, so these precious gems of stories will soon be gone forever.
My story is:
Back when I was running my joke of a fund down in Florida, I went back and forth emailing some guy who had contacted me about investing in my fund. We eventually setup a meetup time and on a hot summer day a nearly broken down Cadillac pulled up in my driveway and in walked a big sweaty 300 pound guy resembling Michael Duncan Clarke of ‘The Green Mile’ fame.
After watching him the glass of lemonade I gave him within a few seconds, he got down to business—he represented an investment group headed by the Rap Jay-Z and was interested in raising more capital to add to their $300 million fund. (Driving a broken down Chevy?!?!)
All the talk about him investing my fund was just to get the meeting so he could pitch me his fund, which I remember had some ridiculously complex structure, similar to that of JayZ’s ex-drug dealing ring.
No thanks I told him, but he wouldn’t stop explaining and 2 hours later, he was still in my house/office, having downed an entire pitcher of lemonade. I finally kicked him and as he lumbered to his car, he was muttering nasty things about me under his breadth.
Weirddddddddd, let’s hear yours if this blog post works the way I hope it will, you’re gonna laugh at some of the meatheads out there.
Disclaimer: I’m an investor in StockTwits and have been dominating Covestor for a year
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