Day

July 11, 2011

“Where are the Shareholders’ Yachts?”

Risk Without Return, Pay for Non-Performance  An out-of-town visitor was being shown the wonders of the New York financial district. When the party arrived at the Battery, one of his guides indicated some handsome ships riding at anchor. He said, “Look, those are the bankers’ and brokers’ yachts.”  “Where are the customers’ yachts?” asked the...
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How to Recognize a (Too) Trendy Neighborhood

“Top Ten” Signs How do you know you’ve stumbled across a “too-trendy” neighborhood? My list of “Top Ten” signs follows (below). Any resemblance to certain (unnamed) Twin Cities neighborhoods is purely.  . . intentional. For the record, though, the neighborhood in question was The Marina in San Francisco, near where my family was staying the other week.  10....
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