Gold rush or paradigm shift?

Sometime in the 80s my father, who’d worked on Wall Street since 1929 and seen it all, gave up, saying, “I no longer understand the place”. I’m beginning to sympathize.

Mind you, Wall Street went on without him and made billionaires out of many younger people, so in that case, there was a paradigm shift going on, where traditional investment values were displaced. Of course, my father also watched the crash of ‘29 just as he’d graduated with an MBA from Columbia, and lived through the Depression, so he had a jaundiced view of “can’t fail” stock markets; I’ve gone through a few busted cycles myself.

In any event, 185 Riverside Avenue, a 1900 house of awkward design and asking $6.995 million, is pending.

Whatever.