Wednesday, December 5, 2012

TODD

     The death last week of my brother in law Todd stings. In the 30 years we knew each other he was a large, kind, provocative, fascinating, enfuriating, influential presence.

     Todd thought I needed his help with finances. Money was more important to him than it was to me...he loved the "finer" things and I just wanted the proper sports equipment.  He figured I should be doing more with my savings then just saving it. He got me to buy my first shares of stock.

     Haber was a new technology company and Todd got me to invest. The company had developed a process to non toxically separate precious metal like gold from the ore that it was found in. It was fun to be an investor. The company did good things and the value of its stock kept going up. As I had no need for the money I just slowly increased my number of shares and watched the price continue to rise.

     And then there came a time when I did need it. That was when, in the mid 1980s, I decided to leave my steady social work job and develop a private practice as a psychotherapist. As I earned $25 total in my first week of practice, I knew I'd need my savings and investments to help me.

     Sadly it was at exactly this time that investors began to notice that Haber, despite all its new technology promise, wasn't actually extracting precious metal from the ore it came in. Nor, of course, was it making any money. It's price share went down, stabilized, then plummeted.

     I was in shock. Everything was disappearing just when I needed it. I met with Todd, who was a stock broker, to decide what to do. He owned far more shares of Haber than I did. He said he couldn't bear the idea of selling after such a downturn. "I'd rather watch it go down to zero," I recall him saying, "and go out in a blaze of glory then give up on something that has so much promise."

     I, however, had no desire to go out in a blaze of glory, or, more accurately, to lose all of the investment. I needed this money now. "SELL," I should have said. In fact I said nothing and Todd left.

     Over the next few days the stock continued to lose its value and I continued to watch in muted shock. Until the day I received a note from Todd's office. The day after we spoke he'd sold all my Haber shares! I actually made a relatively small profit overall. More importantly I had enough now to allow me to develop my therapy practise.

     Pretty nice of Todd to come to his senses and realize what I needed. And pretty dramatic of him to do it without letting me know!

     One day around this time Todd had a massive heart attack. I visited him one night at Columbia Presbyterian Hospital where he was recovering. It was just the two of us. Todd looked back at his life and said "I've always run at the head of the pack. The best of everything." By that he meant the finest of steak, the best cigars, a whole host of things that, I thought at the time, might well have contributed to his heart attack and drastically changed his life. But he was unremorseful, unappologetic and, seemingly, accepting, of the bargain he'd negotiated for himself.

     I was dismayed. We'd always had different views on exercise, working out, healthy eating, healthy life style. I was hoping that he'd now develop a different attitude and commit himself to changes that could help to really make him better. But I also marvelled at his no regrets attitude. He wasn't beating himself up over past choices that couldn't be changed, something I'm not so good at doing. Maybe that was his way of not getting depressed and being able to go on with optimism.

     Over the years, Todd and I often argued. I think he liked to make a point in a provocative way and see what reaction it would stir. Many times it stirred a sense of challenge, fun and interest in me.  Sometimes, however, he would just make me angry.

     Though much of our political views were usually not that different, Todd was a huge supporter and defender of the free enterprise system. Sometimes that put us at odds like the time, in our last huge fight about a year or so ago, I reacted to the latest banker scandal by saying "all those bankers should be thrown in jail."

     My brother in law did not think that a very smart comment and called me "a fucking idiot."

     Todd thought it would be interesting to explain to me why I was mistaken. I decided to focus more on the "idiot" part of his reaction and explain why I couldn't just let that one go and move on to the merits. Voices, okay, my voice, escalated from there.

     So there it is. Todd evoked a lot of passion. It was NEVER boring to be around him. I wish we had another 30 years.