Editor's Note

Attention Borders Book Thief…

May 11 2011 | 11:53am ET by Deirdre Brennan

The SALT Conference in Las Vegas officially opens today, but it really began yesterday, as men in suits rushed to catch flights to the biggest hedge fund confab of the year. I expected to bump into a few friendly faces on the flight, which I did, but it was the pre-boarding drama at the Borders book store in JFK’s terminal 5 that really got my attention. As I was browsing the bestsellers, a tall gentleman in a suit glanced quickly at the lighthearted summer reads and then headed over to the serious section—the table with The Big Short and the other Wall Street must-reads. I paid no further attention to my likely fellow SALT-goer—until I saw him steal a book.

In fairness, I don’t think he entered the store with the intention of pilfering a hardback, but he did. While waiting on line in front of me, the man's phone rang. He spoke loudly, as self-important people are wont to do in public. Still yapping away on his Blackberry, he wandered out of the store, merchandise in hand. For a moment the store clerk and I watched, certain he would return once he realized his mistake. Moments turned into minutes as I paid the $13.99 for Ann Patchett’s Bel Canto and chatted with the cashier and the store assistant, who decided they were not going to run after him. He was well-dressed; they were sure he would be back.

Curiosity got the best of me and I sat down outside the store and watched, certainly the man would return to pay. After all, this was likely some well-to-do, highly-educated financial professional. Five, 10, 15 minutes passed. He wasn’t coming back. He stole the book.

At last night's welcome reception, sure enough, there he was. Holding my glass of chardonnay, I looked at him and he at me. There was a glimmer of recognition, but I don't think he remembered me as an eye witness to his misdemeanor.

So, tall man in suit who speaks too loudly on the phone and nicked that book yesterday in JFK’s terminal 5—when you get return, go back to that Borders and plunk down the $29.95 you owe and say you are sorry, you realized your mistake when you were already on the plane. Just because you work in finance, wear a nice suit and think that the world will stop if you don’t answer every call on your Blackberry, stealing—unintentional or not—is not ok.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.