TABLE OF CONTENTS Black Monday October 2007 The Oral History Tapping the traders and market players who were closest to the action, sifting through myth and hype, we've detailed one of the darkest days in history -- in the words of those who lived it. Meet the Belzbergs He was a painfully shy Canadian chess player from a famous family. She was the daughter of Polish immigrants. Together, they're trying to transform trading. Hollywood Ending A decade ago, a wall street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. Whatever became of the Hollywood Stock Exchange?

Black Monday web exclusive - Elaine Garzarelli

Exclusive for the Web – Elaine wasn’t available for an interview at the time of publication but she did follow up when she returned from her business trip with this unique memory. > read more

Black Monday - extra resources

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Shelf Lifers
Reads
By Gordon Haber | Page 24
Ten terrific tomes every literary-minded trader should own. > read more
Keywords: UK Open

Growth Market
Pretty Boy
By Cristina Velocci | Page 26
A hairy competition for charity — and a sleek new shaving kit for afterwards. > read more
Keywords: UK Open

Vee-Jay Day
Tunes
By Hilary Lewis | Page 26
An influential record label gets a much-deserved second look. > read more
Keywords: UK Open

Key Acquisition
Buy This Island
By Chris R. Morgan | Page 28
A South Florida idyll offers peace, quiet . . . and ’90s ROCK nostalgia. > read more
Keywords: UK Open

Pyramid Scheme
Hot Property
By Nigel Windsor | Page 28
Why Egypt (yes, Egypt) is the next resort frontier for well-heeled city traders. > read more
Keywords: UK Open

Booster Shot
Test Drive
By Cristina Velocci | Page 30
Will a fizzy new energy drink provide rocket fuel to your P&L? > read more
Keywords: UK Open

General Electric
Cojones Q&A
By Doug Donaldson | Page 30
Thomas Verdecchio takes flight, then steps out to show 500,000 volts who’s boss. Smokin’! > read more
Keywords: UK Open

Meet the Belzbergs
By Matt Smith | Page 36
He was a painfully shy Canadian chess player from a famous family. She was the daughter of Polish immigrants. Together, they’re trying to transform trading. > read more
Keywords: UK High/Low

Risk/Reward
By Leah McGrath Goodman | Page 42
In the quest for alpha, hedge funds can be highly aggressive, technologically stacked and savagely leveraged. K2’s Andrew Swaine has a novel approach: He hedges. > read more
Keywords: UK High/Low

The Trade
By Jonathan Hoenig | Page 46
When the world seems to be going to hell, silver shines. But be careful: It’s one of the fastest-moving markets on earth, and often entirely unpredictable. > read more
Keywords: UK High/Low

My Best Trade
By Joanna Grzeskowiak | Page 50
So what if I didn’t know anything about ships? That didn’t stop me from stowing away some alpha courtesy of the oft-overlooked energy-transportation sector. > read more
Keywords: UK High/Low , UK My Worst Trade

Three Rules
By Hilary Lewis | Page 52
In an increasingly global marketplace, Ryan Kwiatkowski is making his mark as a cross-border king. > read more
Keywords: UK High/Low , UK Three Rules

Wolf Among the Sheep
This Card Shark
By Johnny Chan | Page 54
Market volatility offers the same kinds of opportunities in trading I see when a loose amateur sits down at my poker table. > read more
Keywords: UK High/Low , The Card Shark UK

Preempting Panic
The Head Coach
By Doug Hirschhorn | Page 56
When fear becomes hysteria and the skies go black, ask yourself: Can I keep my head when everyone else is losing his? > read more
Keywords: UK High/Low , The Head Coach UK

Little Big Man
The Beat of the Street
By Charles Gasparino | Page 58
Four years after Dick Grasso left the NYSE, his legacy — and the pay scandal responsible for his downfall — still casts a shadow. > read more
Keywords: UK High/Low

Black Monday
The Oral History
By Scott Eden , Teri Buhl | Page 66
Twenty years ago this month, the earth stood still as word spread of the Dow’s plummet — the worst securities-market panic in half a century. A rollicking “decade of greed” came crashing to an inglorious last call. Tapping the traders and market players who were closest to the action, sifting through myth and hype, we’ve detailed one of the darkest days in history — in the words of those who lived it. > read more
Keywords: UK Directions

A Human Portfolio
Hall of Fame
By Jeremy Kahn | Page 80
As the markets were melting down in 1987, hedge-fund pioneer George Weiss began avoiding undervalued securities for undervalued children, guaranteeing college tuition to hundreds of inner-city kids. Twenty years later, has he made a difference? > read more
Keywords: UK Directions

Hollywood Ending
By Robert LaFranco | Page 89
A decade ago, a wall street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. They had capital, ambition, securities-industry savvy and an audience captivated by money and celebrity. So whatever became of the Hollywood Stock Exchange? > read more
Keywords: UK Directions

Screen Play
By James Patterson | Page 93
We had one global-macro trader screen the HSX. Reviews were decidedly mixed. > read more
Keywords: UK Directions

October 1987
Could It Happen Today?
By Rich Blake | Page 78
What's the worst that could happen? Twenty years ago, the City and Wall Street found out, when the stock market sank so precipitously in a single session that traders are still talking about it. Meanwhile, this past summer brought some of the most brutal scenes of mayhem and carnage since ~Natural Born Killers~. For many years, some of the financial industry’s top minds have been quietly hypothesising about, and secretly bracing for, a catastrophic occurrence or series of shockwaves, the trading world’s equivalent of the Big One — a series of economic shocks that would start, most likely, in the U.S., then spread to the U.K. and Europe with alarming speed. But how might it go down? We rounded up various intelligence providers — traders, PMs, risk managers, economists, and hedge-fund and bank executives — for a briefing on what’s keeping financial leaders up at night. Or what should be, anyway. > read more
Keywords: UK Directions

Par Goes the Neighbourhood
By Nick Kolakowski , Cristina Velocci | Page 94
At a select number of high-end residence resorts, you can have Jack Nicklaus, Greg Norman or Tom Fazio as your landscaper. > read more
Keywords: UK Directions

Killer Instinct
By Nick Kolakowski , Fashion Editor: Jennifer Lee , Photography by Ian Spanier | Page 102
Travelling to the countryside to engage in some country pursuits? It will hardly do to hike around in jeans and an old wax jacket. Display your class — and your love for the hunt — with these high-calibre fashions. > read more
Keywords: UK Directions , Fashion UK

Niche Market
Wheels
By Matt Carroll | Page 110
We put one City trader in the exceptional new Invicta S1-600. Could he stand apart from the riffraff in their pedestrian Porsches? > read more
Keywords: UK Close , UK Wheels , Drive

Stone-Faced
Watch List
By Ralph DiGennaro | Page 114
With dials distinguished by precious pebbles and rare minerals, these timepieces are absolute gems. > read more
Keywords: UK Close , UK Watch List

Singular Sensations
High Flyer
By Robert Goyer | Page 116
The next revolution: affordable, private, single-engine jets. Will you be the first trader on the block to put one in your garage? > read more
Keywords: UK Close

Counting the Seconds
Liquidity
By Anthony Giglio , Hilary Lewis | Page 118
The First Growths may be off the market, but you can still go long the rest of the legendary 2005 Bordeaux. > read more
Keywords: UK Close

Swing Trading
Last Orders
By Chris R. Morgan | Page 120
Golf the world’s finest courses — without ever leaving the City. > read more
Keywords: UK Close

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