TABLE OF CONTENTS Crash Course October 2007 The Oral History Twenty years ago this month, the earth stood still as word spread of the Dow's plummet -- the worst securities-market panic in half a century. Tapping the traders and market players who were closest to the action, sifting through myth and hype, we've detailed one of the darkest days in history -- in the words of those who lived it. Meet the Belzbergs He was a painfully shy Canadian chess player from a famous family. She was the daughter of Polish immigrants. Together, they're trying to transform trading. Hollywood Ending A decade ago, a Wall Street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. So whatever became of the Hollywood Stock Exchange?

Black Monday web exclusive - Elaine Garzarelli
By Teri Buhl
Exclusive for the Web – Elaine wasn’t available for an interview at the time of publication but she did follow up when she returned from her business trip with this unique memory. > read more

Hot News, Gossip and Industry Dish
Insider Info
By Rich Blake , Chris Gillick , Tom Johansmeyer , David Moss | Page 18
> read more

Shelf Lifers
Reads
By Gordon Haber | Page 26
Ten terrific tomes every literary-minded trader should own. > read more

Growth Market
Pretty Boy
By Cristina Velocci | Page 28
A hairy competition for charity — and a sleek new shaving kit for the postgame. > read more

Vee-Jay
Tunes
By Hilary Lewis | Page 28
An influential record label gets a much-deserved second look. > read more

The Bar Exam
Doctor’s Orders
By Cristina Velocci | Page 30
Does a new create-your-own health food justify the hype? > read more

Key Acquisition
Buy This Island
By Chris R. Morgan | Page 30
A picturesque South Florida idyll offers peace, quiet. . . and ’90s college-rock nostalgia > read more

Booster Shot
Test Drive
By Cristina Velocci | Page 32
Will a fizzy new energy drink provide rocket fuel to your P&L? > read more

Class-Action Suits
My Charity
By Scott Eden | Page 34
Bear’s Brent Giese is bullish on the well-tailored youngsters of Project Pinstripe. > read more

General Electric
Cojones Q&A
By Doug Donaldson | Page 36
> read more

Meet the Belzbergs
Performance
By Matt Smith | Page 40
He was a painfully shy Canadian chess player from a famous family. She was the daughter of Polish immigrants. Together, they’re trying to transform trading. > read more

Back to Base
Risk/Reward
By Leah McGrath Goodman | Page 46
In the quest for alpha, hedge funds can be highly aggressive, technologically stacked and savagely leveraged. K2’s Andrew Swaine has a novel approach: He hedges. > read more

Quick Silver
The Trade
By Jonathan Hoenig | Page 50
When the world seems to be going to hell, silver shines. But be careful: It’s one of the fastest-moving markets on earth, and often entirely unpredictable. > read more

Tankers Away
My Best/Worst Trade
By Joanna Grzeskowiak | Page 54
So what if I didn’t know anything about ships? That didn’t stop me from stowing away some alpha courtesy of the oft-overlooked energy-transportation sector. > read more

Trader Without Borders
Three Rules
By Hilary Lewis | Page 56
In an increasingly global marketplace, Ryan Kwiatkowski is making his mark as a cross-border king. > read more

Wolf Among the Sheep
The Card Shark
By Johnny Chan | Page 58
Market volatility offers the same kinds of opportunities in trading I see when a loose amateur sits down at my poker table. > read more

Preempting Panic
The Head Coach
By Doug Hirschhorn | Page 60
When fear becomes hysteria and the skies go black, ask yourself: Can I keep my head when everyone else is losing his? > read more

Little Big Man
The Beat of the Street
By Charles Gasparino | Page 62
Four years after Dick Grasso left the NYSE, his legacy — and the pay scandal that felled him — still casts a shadow over the Street. > read more

Black Monday: The Oral History
By Scott Eden , Teri Buhl | Page 68
Twenty years ago this month, the earth stood still as word spread of the Dow’s plummet — the worst securities-market panic in half a century. A rollicking “decade of greed” came crashing to an inglorious last call. Tapping the traders and market players who were closest to the action, sifting through myth and hype, we’ve detailed one of the darkest days in history — in the words of those who lived it. > read more

The Best Worst Year Ever
By Scott Eden , Teri Buhl | Page 72
October 1987: A Cultural Snapshot > read more

October: Could It Happen Today?
By Rich Blake | Page 82
> read more

A Human Portfolio
Hall of Fame
By Jeremy Kahn | Page 84
As the markets were melting down in 1987, hedge-fund pioneer George Weiss began eschewing undervalued securities for undervalued children, guaranteeing college tuition to hundreds of inner-city kids. Twenty years later, has he made a difference? > read more

Hollywood Ending
By Robert LaFranco | Page 92
A decade ago, a Wall Street trader and an L.A. dealmaker united to remake the movie industry in the image of the markets. They had capital, ambition, securities-industry savvy and an American public captivated by money and celebrity. So whatever became of the Hollywood Stock Exchange? > read more

Screen Play
By James Patterson | Page 94
We had one global-macro trader screen the HSX. Reviews were decidedly mixed. > read more

Par Goes the Neighborhood
By Nick Kolakowski , Cristina Velocci | Page 99
At a select number of high-end residence resorts, you get Arnold Palmer, Jack Nicklaus or Tom Fazio as your landscaper. > read more

Killer Instinct
| Page 110
Traveling to the English countryside to engage in a spot of the hunt? It will hardly do to tromp around in a jumpsuit and trucker hat. Display your class — and your love for the chase — with these high-caliber fashions. PHOTOGRAPHS BY IAN SPANIER; STYLING BY JENNIFER LEE; TEXT BY NICK KOLAKOWSKI > read more

Niche Market
Wheels
By Matt Carroll | Page 114
We put a London-based trader in the exceptional new Invicta S1-600. Could he stand apart from the riffraff in their pedestrian Porsches? > read more

Stone-Faced
Watch List
By Ralph DiGennaro | Page 120
With dials distinguished by precious pebbles and rare minerals, these timepieces are absolute gems. > read more

Singular Sensations
High Flyer
By Robert Goyer | Page 122
The next revolution: affordable, private, single-engine jets. Will you be the first trader on the block to put one in your garage? > read more

Counting the Seconds
Liquidity
By Anthony Giglio | Page 124
The First Growths may be off the market, but you can still go long the rest of the legendary 2005 Bordeaux. > read more

Micro Managers
Gadgets
| Page 126
Downsize your trading desk — and haul it around with you — with the help of these small wonders. > read more

Irrational Exuberance!
Back Issue
By Brian Dawson | Page 128
We scoured the Trader Monthly “archives” to unearth this 1987 issue — and excerpted just a few of its many timeless insights. > read more

Previously » September 2007

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