Doubledown Media, the once-rising publisher of magazines aimed at the Wall Street elite, has shut down. âThese are unprecedented times,â president Randall Lane wrote in an e-mail to staffers late Monday night. âThe combination of the media depression, the Wall Street implosion and the credit slowdown were collectively too much for our companyâprobably any company in our shoesâto overcome.â (rest at): http://www.foliomag.com/2009/breaking-doubledown-media-shuts-down
im amazed it lasted as long as it did. i know a lot of traders - and none of them have 400 000 cars and supermodel girlfriends. this seemed to be the demographic of the mag...
That magazine was just one of many consumer related products that helped bring to light the peak of excess and wasteful living.
i told my wife about this, and gave her a brief overview: "best places in the world to live, best cigars and wines, overpriced jets and luxurious vacation places and where to get that third mansion, along with periodic low level trading stuff." her response was along the lines of "was it for people who think all traders live that way and want to dream about it for themselves?" yup, pretty spot on.