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In October 2006, I left the Journal after 24 years to take a job as a senior editor and writer with Portfolio, the Condé Nast startup dedicated to illuminating the world of business. It wasn’t easy to leave the good ole WSJ, but I’d always considered myself something of a magazine writer and editor at The Journal. Why not try being a magazine writer and editor on a real magazine?
As for the subject matter–business–I accept that there is a certain stripe of journalist who cringes when hearing the B word. Business is all about earnings reports, accounting contrivances, price-earnings ratios, etc., etc. In other words, business is B for Boring. In some cases, perhaps. But unless you’re living under a rock, you’d have to conclude that, outside the Iraq War, it is probably the fundamentally most important story of our era. The terms hedge fund, private equity, derivatives, e-commerce and subprime have all entered the public lexicon pretty much within the past decade—subprime within the last year or two. The global triumph of the capitalist model, for all of its shortcomings, is one of the compelling stories of the century. Markets don’t just drive commerce; they influence culture, politics, art and science. We are living in a period of unparalleled wealth creation, and a period of growing disparity between the superrich and the impoverished. If grand narrative, underpinned by the human condition, is what you seek to write, there is no more fertile field than business and commerce.
In the December issue of Portfolio, Ali Wolfe, one of the bright young writers that I edit, came to me with a quirky idea. In a conversation with a billionaire, she’d learned that numerous well-known members of the hedge fund set were investing vast sums of money in longevity research and its fringe cousin, the quest to “cure aging.” Digging deeper, she discovered that people who had more money than they could ever spend in this lifetime were funding research and technology that would allow them to spend considerably more time with their fortunes. True, that’s a business story. But it’s also a story of cutting edge science, the cult side of medicine, religion, and the tempestuous politics of aging.
I don’t think about this very much when I’m riding the train into work, my head down, tapping away on my laptop, buried deep in a story about a lonesome bayou that is, metaphorically at least, about as far away from the glitz and thrum of Manhattan as you can get. But when the train stops, I put away my laptop and dive into my day job, working with first-class writers in an energized environment from an office set high above the neon glitter of Times Square. And when the day is over, I settle into my seat on the train, pop open my laptop again, and dive back into the luminous swamp of my fiction-writing life.
My two lives don’t conflict. One cleanses my palate for the other. The only complication is when I arrive home and my wife asks me what’s new at the office. I always ask, “Do you mean 4 Times Square or New Jersey Transit?”
Wells wrote his latest book, out this summer, The Good Pirates of the Forgotten Bayous: Fighting to Save a Way of Life in the Wake of Hurricane Katrina, on the train too.
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