Making a Fortune, Losing It and Moving On

Michael Gartenberg | December 09, 2003, 07:53 AM

Interesting tale in the NY Times about Rabbi Benjamin Blech and the circumstances that led him to write his latest book. I had Rabbi Blech as a teacher back in my undergraduate days in college and recall his classes fondly. Of all the people in the world to get caught up in the Internet hype, I would have put him at the end of the list. It's a powerful reminder of a time when people's emotions ran high, when layman who knew nothing about what they were investing in could become millionaires and the mantra was "everyone I know is getting rich but me". It's also a reminder of how many people were emotionally scarred over their experiences when the bubble burst and reality set in.

Rabbi Blech, 70, turned a relatively small nest egg of around $50,000 into $7 million and then into nothing - ashes to ashes, dust to dust.
[New York Times: Technology]