Tuesday, May 29, 2018

On getting rich in New York

When I worked in New York in 1982 I thought owning a NYC taxi medallion was the way to riches.  A seat on the NYSE was sheer wealth and outside of being a partner at Goldman Sachs or a salesman for Michael Milken it was clear sailing.

Eventually all boats get beat up in a storm.   This looks to be the storm of all storm for NYC taxi drivers.

  https://www.zerohedge.com/news/2018-05-29/5-nyc-taxi-suicides-5-months

New York City in 1982

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