Daily Speculations The Web Site of Victor Niederhoffer and Laurel Kenner

James Sogi Philosopher, Juris Doctor, surfer, trader, investor, musician, black belt, sailor, semi-centenarian. He lives on the mountain in Kona, Hawaii, with his family.

The word broker is derived from the French Brochier who were ones that bought kegs of wine from the farmers and tapped them and sold the wine in cups at the fairs in twelfth century EU. The name 'Manhattan' is derived from the Delaware Indian language word "Manahachtanienk". Indian legend has it that when trader speculator Henry Hudson came to Wall Street, He sat in a circle with the Indians. Hudson produced a gourd and poured liquid into a cup from which he drank. He refilled the cup and passed it around, but the next Indian smelled it, and passed it and the responsibility on to the next in line. The cup went almost all the way around the circle when a chief jumped up and lectured the tribe on the discourtesy and the consequences. He bid farewell to the group, and drained the cup. The chief staggered and fell and was soon sound asleep. The chiefs began to mourn him, whereupon he jumped up, declared how well he felt, and asked for more. Soon the others joined him and all were intoxicated. The Delawares and the Mohicans called the place, Manahachtanienk, which means, "the place where we all got drunk". A very fitting name, especially considering the open bar at Delmonico's at the Spec Party where Yale Hirsch practiced Kung Fu moves wearing a Chinese outfit, which will pass into the legends of the Spec-list. From The Lore and Legends of Wall Street, Sharp.

c

Jim Sogi, May 2005