Joe Biden was my new client because he’d called Joseph Hill Associates to ask about something called “federal revenue sharing” (FRS). Most people live long and happy lives without ever hearing that phrase, but, alas, not me. I was JHA’s resident expert on FRS.
After I was mustered out of the army I reapplied to law school to finish my second and third years. I assumed my readmission would be pretty much automatic, but I was wrong – I was put through the wringer.
I had no intention of going to law school. In fact, I’d already been accepted into a PhD program in English Lit at Yale and fully intended to spend my life writing poetry and teaching literature on some leafy campus.
We now come to the dénouement of my story, with the episode we’ll call The Imposter.
The Case of the Missing Briefs was a disaster that my legal career survived only because it turned out Mr. F didn’t actually need those particular briefs during the argument before the judge. It’s always better to be lucky than smart.
Before I reach the exciting conclusion of my series on Baron Rothschild, I want to mention just two of the many bizarre events that occurred in connection with Imetal’s attempted takeover of Copperweld Corporation.
My checkered performance during l’Affaire de la Limousine had apparently put me in the Copperweld-Imetal doghouse, because I received no more assignments on that matter for a long time.
As I entered the huge corner suite occupied by the head of the litigation group I strolled by his secretary’s desk saying, “I assume he’s expecting me.”
I had passed the bar exam and was working for a very large law firm in Pittsburgh. I was still so new I would get lost on my way to the men’s room.
The Sharpe ratio is oversold. William F. Sharpe
If the Sharpe ratio didn’t exist, I swear the financial industry would have to shut down. Originally developed by William F. Sharpe in the 1960s – he called it the “reward-to-variability ratio” – Sharpe first described the ratio in a paper published in the Journal of Business in 1966.
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