Everyone Loves a Non-Cagey Rich Person
The best thing: when rich people throw down some real talk about their money. Jean Eaglesham’s WSJ profile of John Devaney — who Time once named one of the top 25 people to blame for the financial crisis — is full of delicious details. The two best:
Yacht lost by John Devaney, 41, when his hedge fund collapsed, costing him $100 million and his investors $650 million: “$22 million yacht called “Positive Carry,” named for an investment strategy that rakes in easy money.”
Yacht kept by John Devaney, 41, when his hedge fund collapsed, costing him $100 million and his investors $650 million: “25-foot yacht named Dorothy Ann after his mother. Mr. Devaney says it is the only ‘toy’ he kept.” He uses it as transport to get from his house in Key Biscayne, Fla. to his 16,000-square-foot house in the Bahamas.
More voyeurism (and some fun facts that will make you want to punch Mr. Devaney in the face), right here.