Memoirs of a Minyan: Behind Closed Doors
The purpose of the journey is the journey itself.
During the early months of 2001, my grandfather Ruby, my best friend and moral mentor, spent much of his time in intensive care. I traveled to Florida on weekends to hold his hand and absorb his energy. It was a tough time for our family as we said goodbye to our patriarch, a dose of reality in an otherwise euphoric time.
It was life. And it was death.
As I chewed through the market with a faceless audience of millions, I told the tale of Ruby. It was then I realized the power of the Internet and the catharsis of writing. We received thousands of emails that we read to him on his deathbed. Each was a story of love and loss, be it a son, father, mother or sibling.
That was the genesis of loyalty to my readers, a connection that remains to this day. If people I’ve never met could help my family through such a tough transition, I would certainly find time to return the favor.
I settled into my dual role of “trader who writes” but the irony wasn’t lost on me. I was the president of Cramer Berkowitz and wrote the lead trading diary on TheStreet.com, both of which were positions that Jim previously held.
Ours was a delicate relationship, buffered on both sides by business and money. Jim had influence on our investors because he kept a large portion of his money with us while I managed the fund with Jeff and Matt and generated views on TheStreet.com. We had a vested interest in keeping each other happy and despite a persistent, underlying tension, we balanced the act and played the game.
In March of 2001, United Cerebral Palsy honored me for outstanding achievement. I wasn’t sure why I was chosen but I was happy to drive attendance to such a worthy cause. With the help of some friends, we secured Run-DMC to perform. I reached out to our coverage on Wall Street, those we paid commission to, and we sold out the event.
I could feel that Ruby was close to passing and almost skipped the ceremony to be with him. At the request of my family, I stayed and accepted the award. Jim stepped to the podium and lauded me as the best trader on Wall Street and the best writer at TheStreet.com.
That was Jim -- all or nothing. I didn’t agree with his assessment but the words were humbling to hear. I smiled at him in a knowing way; while our professional relationship was untenable, I genuinely cared for the man.
As it would turn out, that speech was the apex of our personal relationship..
Saying Goodbye and Opening Up
Ruby Peck passed away on April 21st, 2001 and it was a punch to the gut. Our performance picked up where we left off the previous year but as anyone who’s lost someone can tell you, perspective arrives quickly when you say goodbye to someone you love.
It was a soulful time in my life, a period of growth and maturity. My grandfather’s final words, played in a video that aired at the UCP benefit, were, “I don’t know if I taught him a lot, but I sure hoped he learned a lot.”
He did and, by extension, so did I.
Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at email@example.com.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.