Jim fink trading1/7/2023 But I’m just plain stupid.Īnd then I learned shame. I might not be the biggest idiot in the world. Something that I woke up even today, 17 years later, thinking: People would stop me on the street and ask me for stock advice because I looked so smart.įinally I found out something. I was manipulative and scary and confident and arrogant. Why not? My wife said, “Are you sure about this? This is our last money!” I had nothing left but a salary I was getting from a venture capital fund that I started. I only wanted to make more money.Īnd then when Internet stocks started to collapse, I doubled down and then tripled down. Heck, my 0 year old baby had a two story bedroom in the middle of Manhattan. I was out in the hallway shouting in joy because I had made a million dollars in, again, what felt like a time travel machine. I remember one morning, my wife was in the doctor’s office getting that scan where you find out the sex of your kid. Positive thinking is a very dangerous drug. The only thing I thought I knew was: I am a genius and nobody will stop me. I wanted to be a novelist when I “grew up”.īut I started buying and selling stocks. I read a lot of fiction and would write a lot. I had a web design company that employed mostly painters and artists and graphic designers.īefore that I worked at HBO where I interviewed prostitutes and before that I was a computer programmer. So why shouldn’t I be automatically a genius at stocks.īefore this, I KNEW NOTHING about stocks. If I could do one thing smart, why not everything? I even looked smart! Curly hair and glasses. I thought I was a genius because I had built a company and sold it for a lot of money. ![]() ![]() ![]() It was like a magic spell was cast on me. It felt like I had made it before I even had it. I couldn’t believe it! I made $1000 in what seemed like less than a minute. I said, “ok”.Ī few minutes later he called me back and said, “Sell it.” I said “ok”. I had all my money in an account with him. A broker called up in the Fall of 1998 and suggested I buy a stock.
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