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 I met with representatives of am institution that was considering investing in my new hedge fund on a recent visit to New York. After the meeting I got together with an old friend, whom I’ll refer to as “Harry”, for dinner. Stocks

Harry has a Sales Trader job, which is a person who handles the order for institutional clients such as hedge funds and mutual funds. He had an extremely successful career, and used to cover me, I was one of his accounts, in my “Ron Pollack Bulldog Days”. He retired or took a break from trading around the same time I did in 2004, but we continued to stay in touch with one another. Hedge Fund

Both Harry and I had varying, though generally little, success with business ventures after our time on Wall Street. After this, Harry began to miss the game and questioned me about returning to trading. Really, I miss it also. Back in early 2008, I told Harry that I was going to start managing money again, and he was thrilled and ready to jump back in himself. Brokerage Firm

I had to suspend the start of my new fund because of the market’s gyrations late last year. I saw Harry last fall and he looked stressed, which is unusual for a guy who can handle million share orders in volatile stocks like clockwork. Firms were disappearing all over the place, and my account, the one he had been counting on for his own return, was not there.

Soon after seeing Harry I met “Doug,” who runs a small brokerage firm that caters to hedge funds. I immediately thought of Harry and I put the two of them together. Doug gave Henry a trial opportunity, and Harry was very successful, so everything went well. After the first couple of phone calls to old accounts he got a huge order and it increased from there.

He’s only worked there for four months, but Harry is already one of the top producers in Doug’s company. Thus, it was no surprise to see Harry beaming when we met for dinner. Good money and having a blast,he’s making money. I was so pleased. Next, Harry offered to treat everyone for dinner. Actually, he exclaimed, “Ron Pollack I am going to treat you every time you come to NYC!I was already happy because we were eating at one of the great steakhouses in the City.

,“Every day we’ve been hearing stories of doom and gloom like the end of Wall Street, the end of hedge funds, the end of the world as we know it,toward the end of the evening, I asked Harry this question. While events have proven disorienting, I’d be interested in hearing your opinions, given the success that you have enjoyed.Ron, there are a lot of people hurting right now and I truly feel for them, but I am living proof that if you’re good at what you do, have the willingness to work hard and apply yourself and are realistic in your expectations, you can make it and even flourish in times like these,His answer was refreshing and went something like this, he said. I’m not getting paid what I used to but I have nothing to complain about. People like us are fighters, we’re survivors and there’s business to be done. If you are productive, someone will always be willing to do business with you.”

Harry, here’s to you my friend! Keep showing us how it’s done. signing off for now.