Wings & Water: Water World

We’re somewhere between Miami and Baltimore, some 60 miles out on the Atlantic Ocean. The overcrowded deck of our boat—a Volvo 60, one of the world’s most sophisticated racing sailboats—is a dark and tense world, inhabited by dangerous winches, highly tensioned lines, and six men. Our job is to move the spinnaker, the forward sail, […]

Finance & Investment: Trading Aces

Daniel P. Koutris is on the verge of making a $1.9 million decision. He is a trader at the Chicago Board Options Exchange (CBOE), standing shoulder to shoulder with other traders crammed into the trading pits. The trade Koutris is considering started a couple of minutes ago when a floor broker for Charles Schwab appeared […]