Back to Results

HOUSE_OVERSIGHT_022736.tif

Source: HOUSE_OVERSIGHT  •  Size: 0.0 KB  •  OCR Confidence: 85.0%
View Original Image

Extracted Text (OCR)

Sulzberger in his wood paneled station wagon to the his country estate and Sulzberger talking to the chauffer on a phone from the backseat to the front.) In 1976, another Dalton father, asking “wouldn’t you rather be rich than be a teacher?” introduced him to Bear Stern’s chief Ace Greenberg, a conversation Epstein recounts as this: Greenberg: “Everyone tells me you’re super smart in math and you’re Jewish and you’re hungry...so why don’t you start working here tomorrow?” Epstein: “What?” Greenberg: “If your supposed to be so fucking smart, don’t you understand English?” Epstein: “Ok. Count me in.” Hence, Epstein, like many in the late 70s, arrived on Wall Street. As will happen to a generation of others, by the fortuitous luck of being on Wall Street at that point in time, Epstein is transformed by a new, much faster, form of upward mobility. With a facility for mathematics as well as for getting along with rich men, he transforms at an even faster rate than others being quickly transformed. He moves into a new building at 66" Street and Second Avenue—still in the shadow of the Maxwell Plum era when the 60s on Second was the glamour address—a building full of “actresses, models, and euro trash.” (It would shortly become the Studio 54 era, where Epstein, who doesn’t drink or take drugs, was a regular). If on one side of Wall Street there were the salesmen (the Wolf of Wall Street model), on the other side there was a new sort of finance type able to embrace a level of acute abstraction. “In the past,” says Epstein, “investing was all about reputations and relationships. You invested in a company on the basis of who was running it. Did they have integrity? Were they married? Good family men? It was a 50’s mentality. But in the mid 70s options started to be traded. In essence, the first formal derivatives. The movement of this instrument is not directly attached to the stock price. The world of investing began turning from relationships to math. In a sense I didn’t really make money as much as I did create it. This was intellectual activity of a fairly high order.” Intellectual activity aside, he meets Helen Gurley Brown and she makes him Cosmopolitan Magazine’s Bachelor of the Month in 1980. “What,” I ask, “was your social life like?” “Well, I was a playboy.” “That’s all? Not looking to get married?” HOUSE_OVERSIGHT_022736

Document Preview

HOUSE_OVERSIGHT_022736.tif

Click to view full size

Document Details

Filename HOUSE_OVERSIGHT_022736.tif
File Size 0.0 KB
OCR Confidence 85.0%
Has Readable Text Yes
Text Length 2,379 characters
Indexed 2026-02-04T17:15:10.098605