Dec

4

One of the pleasures of a long lived affinity group like this are the little improvements to one's life that occur not planned but arising out of a little something of friendship. 15 years ago I met Vince Fulco on the list. He was a good man and had a wonderful wife who tragically succumbed. Vince was a can do guy who always could be counted on to do the little extra that goes beyond dollar or clock.

He taught me to roll the tennis courts with a circular path rather than perpendicular among countless other things. One thing he did was to set us up on the bloomberg so that we received spot prices free for the metals rather than the costly futures. For 10 years we saved money by using spot rather than the futures. Certain adjustments had to be made since there was a 3 and a half hour difference in their closing times… but now gold trades as much as bonds, 300,000 contracts a day. And it's become viable to trade in size as is bunds rather than bonds. So we bite the bullet after 12 years and get the future prices and recall all of Fulco's contributions to our life and are not surprised at all that he is doing so well in China. We thank him and wish him well in his pursuits. He's a good man. I could write a similar story about many on this list– but it's a little lugubrious after a stroke and it takes a meaningful % of my remaining life expectancy to type a long memo these days.


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  1. Stanley Rowen on December 8, 2017 11:57 pm

    Sorry you’re not well, and wishing you a full and speedy recovery. I’ve been a big fan of yours for years, ever since reading the two books on speculation that you authored. Yes, the affinity group enables one to connect with like-minded people, while also offering fresh perspectives to ponder.

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