Moving to India has been the start of a necessary reeducation. We live in a knee jerk era and as time passes I am fighting to overcome my ingrained reactionary tendencies. Although problems arise seemingly over night, this is rarely the case and it is equally true that meaningful solutions must take time. However, whether its business, politics, health or romance, I am used to expecting immediate solutions. I attribute this largely to my American world view.
The most important period of my financial education came at the height of the dotcom boom, 1998-1999, a most American of occurrences. As a senior in high school, we engaged in the ages old ritual of choosing a stock portfolio and monitoring its fluctuations daily. At this time, the NYSE and NASDAQ were reaching stratospheric heights; each subsequent trading day demolished the previous day’s market-topping record. The word “day trader,” which later came to mean bathrobe clad, quick buck mercenary, still had some allure as savvy investors won and lost tens of thousands of dollars from their living rooms.
In this era, any feat of financial legerdemain seemed not only appropriate, but encouraged. Technology–in the form of worthless dotcom stocks, as well as desktop trading software, offered anyone the chance to become a millionaire. Nothing could be further from the truth.














