The Prince of Risk Read Free

perched on a piece of rock the size of a phone book, it was high enough. The wise, cautious part of him urged him to bend down, take hold of the brick, and lower himself onto the roof. He couldn’t, of course. There was the bet. And there was the other thing. The other thing was his pride. Bobby Astor always kept his word.
    “Come on, Bobby! Don’t be a pussy! Jump!”
    “Here, kitty, kitty!”
    Astor raised a hand above his head to show that he was ready. At forty-one, he was lean and fit and stood a few inches under six feet. At prep school and college, he’d played football and lacrosse and earned the nickname “the Hammer” because of the crushing hits he laid on his opponents. He still had an athlete’s build: broad shoulders, flat stomach, muscled legs. He also had an athlete’s knees, with long, ugly scars crisscrossing both, evidence of the nearly dozen operations he’d undergone.
    His hair was dark and short and receding faster than the polar ice cap. His eyes were brown and serious, keen to meet life’s challenges. His smile could win over his bitterest rival. His scowl meant war. If anything, he was too thin. Over the past month he’d lost ten pounds, and his board shorts hung low on his hips. He never ate when he had a big bet on the market.
    Someone turned off the music and the guests quieted. Two hundred sweaty, sun-reddened faces peered up at him. He looked among them, counting his friends. He stopped at three, then cut the number to two. His enemies were more numerous, and easier to spot. But it was the weekend, and hostilities were suspended until the market opened in the morning. Until then, he’d consider them his business associates like the rest, men and women he worked with on the Street. Brokers, traders, fund managers, salesmen, and, of course, his employees. Good people for the most part. Hardworking, intelligent, nearly honest.
    It was July 28, and the seventh annual Comstock Clambake was lurching to a loud, boozy halt. Comstock came from Comstock Partners, Astor’s company, and Comstock Partners was an investment firm that managed a little more than $5 billion of very wealthy people’s money. More commonly, it was referred to as a hedge fund.
    As always, the clambake was a ritzy affair. There were clams, of course, but also lobster, sushi, Wagyu beef, and so on and so forth. There was an open bar and bottle service and plenty of servers wandering around the patio to make certain everyone got their fill. The band had stopped an hour earlier, and a DJ from one of the trendier clubs in the city was on until midnight. To cap things off, every guest received a gift in parting—a Gucci handbag for the ladies and an engraved Dunhill lighter for the men.
    All in all, the clambake ran to a cool half million. Astor had been poor enough once to know the value of every one of those greenbacks. Though born to money, he’d had the silver spoon yanked out of his mouth when he was sixteen. What he’d called pride, his father had called defiance. Astor decided he liked his definition better. The decision left him an emancipated minor living on his own. Not exactly penniless, but as close as he ever wanted to come.
    Astor lived in another world now. In this world, parties cost $500,000 and guests received ungodly expensive purses for showing up. He knew it was crazy and he scolded himself for buying into the entire scene. But in the end, buy he did. And as with everything he committed to, he did it in a big way.
The Astor way
. He knew enough about luck and risk and the wicked whim of fate to feel privileged to be able to pony up and pay.
    Anyway, it had been a good year.
    “Come on, Bobby! You da man!”
    “Jump!”
    “He’ll never do it,” shouted a Brooklyn-born voice. “All talk and no show.” It was Marv Shank, Comstock’s vice chairman and head trader, and until that outburst Astor’s best friend.
    “Says you,” called Astor. “You’re coming up here next.”
    “Not in a million