Stan and Lloyd's Elevator Rides

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It's almost too good to be true. But it is true. Goldman Sachs chief executive Lloyd Blankfein lives in the same building at Merrill Lynch's ousted chief, Stan O'Neal, according to some at New York magazine who reads DealBook. The address: 941 Park Avenue, on 81st street.
Thanks to a reader, we were reminded this morning of a story in Nassim Taleb's Fooled by Randomness about the hard working lawyer from Brooklyn. Although he's a success by almost any measure, he is the poorest member of his Park Avenue Co-Op, and feels lousy about himself. The anecdote is used to illustrate how happiness is not just attained through material success but is also based on relative comparison. Nassim's point is that over reaching in order to "keep up with the Jones" can lead to excessive risk taking for a trader.
Suddenly, Stan's obsession with Goldman's earnings is starting to make sense.
"Just imagine that psychological trauma!" our reader writes. "If only Stan had moved into Jimmy Cayne's building he would still be CEO of Merrill."
As Merrill Reels, Goldman Glitters [DealBook]
Hello, Blankfein [New York Magazine]

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