2. The Making of an Investing Shark

One hot summer day in Ann Arbor, Michigan, I was on the telephone with an IRS special agent, negotiating a settlement of a complex tax shelter scheme for a client. It was a messy situation, and after months of discussion, it looked like I was finally close to a favorable resolution. I was feeling pretty good about my work but was suddenly confronted with a major stumbling block that drove me close to outright panic.

The problem was that I couldn't understand anything the IRS agent was saying. The phone connection was fine, and the agent was speaking clear and proper English, but I couldn't understand her no matter how hard I tried. After years of trying to avoid the problem, I was now being forced to admit ...

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