The Power of Class

The recession became one of those defining life events for me, but this time there was no skirting effect that boom times had shielded from previous generations. A couple years into the recession, my dad lost the last of his money and options trading a few years after being disbarred and losing his home to his fifth wife. Shortly after he was evicted at age 89 by his landlord,. I escorted my octogenarian dad down five flights of stairs to a new life in Sarasota, Florida. After he died a few years later, I found a handwritten journal calculating his continual options trades with one column for net worth that gradually dwindled to $0 over the course of pages. He had