Yolo Contendere

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Greetings from – where else? – the Las Vegas Centurion Lounge, where I’m enjoying butternut squash soup, pecan rice, and Brussels sprouts. One of my beloved children just declared to me, without prompting, “I don’t like it here (that is, Las Vegas). It goes against everything I stand for.” So……..no paternity test needed.

Anyway. Back on February 1st, I did a post called A Fool and His Money, which was a fairly epic post, partly about a chap who called himself “Yolowolf” who ostensibly lost a $2.5 million inheritance with really horrible “trading.” If you haven’t read the post, please do, as it’s quite good.

At the time, some folks were saying he was a total fake, but the amount of effort he went to (and the drama of his live streaming video when he blew up his final $250,000) made it all seem quite plausible to me.  Anyway, the joke’s on me, because he just published a book about the entire experience……..


I have just started reading it, but I think I can safely say that it’s pretty dreadful. This fellow fancies himself a writer and offers, for example:


Giving the hodgepodge of misspellings and grammatical errors I’ve already encountered, I think the “hours” he is spending making sure each sentence is “absolutely perfect” are being wasted.

Although it’s obviously a little hard to give the guy too much credibility at this point, he claims to work a full time job but apparently gets away with trading virtually the entire time (sort of like Lester, for long-time Slopers). It’s obviously pretty slimey to be getting paid to do a job somewhere and blow off all your work, which is just another strike against this guy.

He even claims proudly to have invented the acronym “YOLO” (e.g. You Only Live Once), and seems to think of himself as quite clever for doing so. Again, our hero seems quite clueless, as this term has been around for many years, and I can’t imagine someone so blinkered as to think he dreamed up this term.

In any event, I’m going to read the entire book. Tom Sosnoff got peeved, thinking I’d actually paid for it, but I assured him (and you) that I’m just reading it for free off my 30-day Kindle trial. Suffice it to say, Yolowolf was a fabrication, and in the unlikely chance I’m amazed by the 90% of the book that remains to be read, I’ll be sure to let you know.