Your Gift to Them
Thursday, May 12, 2011 at 1:16PMWouldn't be awesome to read Russell Sage’s story via his own blog posts as he created calls and puts instruments during the second half of the nineteen century? Or J.P. Morgan’s decision to help the market during time of crisis? Or Jeff Bezos’ detailed account of his decision to leave D.E. Shaw (my ex-employer) to start Amazon.com?
So much uplifting financial experience throughout history has been lost forever. Capturing the insights in real time that led to these financial tipping points changes all that.
It will get very interesting when the new generations of financiers blog the thought processes they use to iterate towards achieving their dream. It will get even better if they start at an early stage with no clue about where the journey leads them.
I remember the day in 1995, when Benoit Lavigne, Co-founder of Innovative Fibers, came to New York to ask me for financial help with his business. I had been preparing for this moment since the day I met him. I saw so much potential in him; I wanted to invest in him.
Sitting on the couch in my apartment, Benoit was trembling as he explained to me the precarious situation his business was in. His sales were growing at 100 percent per annum but he did not have any more money to pay his employees. His inability to raise capital would shut down his business. He got denied financing by a few financial institutions in Canada.
It was just a regular New York day, but at that moment I said to him - YOU ARE DONE!
I wish I could have captured all the subtleties of the raw emotions filling the room at that moment and share them with all of you.
Written by Michael Bigger, author of How Traders Achieve Creative Flow.
Reader Comments (2)
You are done as in... You are filled or You are finished.
As in, here is your money! ;-)