While I was a young one, he was my mentor. When I finally woke up and sniffed the burned coffee, I realized our firm ripped shareholders when we priced a GM secondary. I was a kid. It was cool when we had lox and bagels delivered every day, hams, turkeys, cruise ships. Private dinning rooms.
Richard Ney, he warned me. And he was right.
That is why I am here. Read his books. I loved his old style Rolls Royce he had with his driver. Inspired me to be hard to the core and classic at the same time.
His assistant on the floor of the NYSE at the booth was one of my best friends, we stayed up late and he taught me trading so I wouldn't get fired. I got to buy trade station at $5000 back in 1990 and pay track data for my data feed. I could not stay at the office at 1 am, so I had to research at home. This was back when people were getting stock quotes from the newspaper the next day.
thanks for the info. Totally agree that over time the returns on pinks and otc are appalling - just terrible. I did some screens a year ago that yielded just shockingly bad results - far worse than other indexes.
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