I've been in touch lately with the son of a man who worked as a Vice President for Curt Forstmann (and also Julius Jr., I think). This man - the son, my correspondent - when asked if he heard stories about the elder Julius, told me that "he had apparently pulled out of the stock market before the crash after making a trip (around the world?) that convinced him that the economic situation was precarious." I suppose we should be grateful for this. If Forstmann's estate had crashed in the Crash, they might not have had the Catskills home to sell to us later.
Monday, May 10, 2010
thank goodness Julius pulled out of the market
I've been in touch lately with the son of a man who worked as a Vice President for Curt Forstmann (and also Julius Jr., I think). This man - the son, my correspondent - when asked if he heard stories about the elder Julius, told me that "he had apparently pulled out of the stock market before the crash after making a trip (around the world?) that convinced him that the economic situation was precarious." I suppose we should be grateful for this. If Forstmann's estate had crashed in the Crash, they might not have had the Catskills home to sell to us later.
