When I read last year that a 21 year old hedge fund manager was buying the Russo compound on Boston State Road I had a rare flare up of envy, malice and disbelief. Some little nerd no doubt who's still putting vitamin e gel on all the wedgie scars he got in high school gym classes. I ordinarily don't "begrudge" as Frank McCourt might say but this place consists of a series of ponds, houses, ornamental lighting, landscaping and from what people say an entire classic car garage bigger than most houses. In short it's a breathtaking place even for people who could really care less about stuff like this. The idea that someone that young could be handing over millions in cash for a pad like this simply floored me. Naturally it's slipped my mind until recently when the same guy's amazing digs were visited by the FBI. Huh ? And as the story goes, or the alleged story anyway, there's talk that the youngster's businesses are in the habit of fleecing investors. One claim says it was to the tune of $30 million. Well if it isn't my old friend Mr. Schadenfreude stopping by to pay a little visit. It's less gratifying that the guy is in trouble than it is soothing to my sense of order in the universe. This makes a lot more sense to me than it did a while back. Now if he was a fullback or a rapper I would totally understand it...
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Caveat Investor (Made that one up meself!) Anyone who entrusts that much cash to an individual barely old enough to drink must have been doing some pretty serious imbibing themselves before investing. Either that, or they're batshit crazy. Anyhow, we'll have to wait and see which brazilianaire picks these up. Betcha it won't be Tommy G...
remember when the stock market was considered gambling, and you didn't play the market unless you had some extra money lying around? i think that going back to stashing your money under your mattress is the safest way to go.
nonnie - I usually end up on the couch. Should I put my cash under the cushions?
Pablo - I am thinking we've seen the last of GoInsano's largesse for a lifetime. I wonder if he has Larry Quinn looking at the FL Panthers or if he's just hanging around to see if he can buy up a few sunbelt politicians. Yeah they said El Russo held the mortgage and Junior was going to cough up a million every six months. Wow. What's the late payment on a mil ?
Nonnie I find a few hundred in cash around the house nearly impossible to stay out of but extremely comforting too. Imagine having this clown and his pals running your annutiy or roth or whatever and you find out he bought a 6 million house but you've lost your ass ?
When it's clear and warm we sleep on our backyard trampoline, maybe I should sew a pouch into that for the emergency stash...
pauldub,
that will probably give you a bad back, so put the money in the toilet tank. just make sure you wrap it in plenty of plastic first.
rastamick,
i used to write checks for everything. if i was ever suspected of a crime and had to tell cops my whereabouts on a particular day, i could probably tell them exactly where i had been. however, i have changed my ways, and for the past few years, i've paid for most things with cash. i spend less. part of it is out of necessity, but another part is that it's easier to be more conscious of where your money is going when you can actually see it instead of just looking at a number in a check register. of course, the downside is that, if i ever get arrested, i'll probably get convicted for lack of an alibi.
Nonnie - the checks thing sounds familiar. Enter the check card which is pretty much kryptonite for an Irish pisces like moi who tends to be somewhat disabled in the empirical world of numbers. It's funny that we actually think we'll need alibis for the penny ante transgressions we commit while there are halliburtons and blackwaters out there screwing and killing people left and right with no such notions of an alibi !!!
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