Doug Kass has a wonderful piece up at The Street about the ridiculous exploits of a day trader and investment hack he calls “Boca Biff.” It’s insightful, tragic, hysterically funny and sad. The moral of the story is obvious — that rank speculation is a very perilous business indeed. Duh. It also provides another great example of how easy it is to fool oneself.
Meanwhile, have a look at some of the ads that were embedded multiple times and on every page of Doug’s piece.