He not only bought houses and co-ops, a yacht and a plane, but he made some extraordinarily risky high-tech investments. And each time he did, he assured Fernanda that he knew what he was doing. He was riding the crest of the wave, and felt invincible. He was a thousand percent confident of his own judgment, more so than she was at the time. They started fighting over it. He laughed at her fears. He was plunging money into other companies that had yet to prove themselves, while the market was skyrocketing, and everything he touched turned to gold for nearly three years. It appeared that no matter what he did, or what he risked, he could not lose money, and didn't. On paper for the first year or two, their immense new fortune actually doubled. Notably, he invested in two companies that he had total faith in, and others warned him might plummet. But he didn't listen, not to her or the others. His confidence soared to dizzying heights, while she decorated the new house, and he chided her for being so pessimistic and so cautious. By then, even she was getting used to their new wealth, and starting to spend more money than she thought she should, but Allan kept telling her to enjoy it and not worry. She stunned herself by buying two important Impressionist paintings at a Christie's auction in New York, and literally shook as she hung them in their living room. It had never even dawned on her that one day she might own those paintings, or any like them. Allan congratulated her on her good decision. He was flying high and having fun, and wanted her to enjoy it too.

But even at the height of the market, Fernanda was never extravagant, nor did she forget her more modest beginnings. Allan's family was from southern California, and they had lived more lavishly than hers had. His father was a businessman, and his mother had been a housewife, and a model in her youth. They had had expensive cars, and a nice house, and belonged to a country club. Fernanda had been seriously impressed the first time she went there, although she thought them both somewhat superficial. His mother had been wearing a fur coat on a balmy night, as it dawned on her that even living in the frozen winters of the Midwest her mother had never owned one, and wouldn't want to. The show of wealth was far more important to Allan than it was to her, even more so once his overnight success broadsided them. His one regret was that his parents hadn't lived to see it. It would have meant the world to them. And in her own way, Fernanda was relieved that her parents were gone too, and couldn't see it. They had died in a car accident on an icy night ten years before. But something in her gut always told her that her parents would have been shocked at the way Allan was spending money, and it still made her nervous, even after she bought the two paintings. At least they were an investment, or at least she hoped so. And she truly loved them. But so much of what Allan bought was about showing off. And as he kept reminding her, he could afford it.

The wave continued to build for nearly three years, as Allan continued to invest in other ventures, and huge blocks of stock in high-risk high-tech companies. He had enormous confidence in his own intuition, sometimes counter to all reason. His friends and colleagues in the dot-com world called him the Mad Cowboy, and teased him about it. And more often than not, Fernanda felt guilty about not being more supportive. He had lacked confidence as a kid, and his father had often put him down for not being more brazen, and suddenly he was so confident she felt that he was constantly dancing on a ledge and totally fearless. But her love for him overcame all her misgivings, and eventually all she could do was cheer him on from the sidelines. She didn't have anything to complain about certainly. Within three years their net worth had almost trebled, and he was worth half a billion dollars. It was beyond thinking.

She and Allan had always been happy together, even before they had money. He was an easygoing nice guy, who loved his wife and kids. It had been a joy they shared each time she gave birth, and he truly adored his children, as she did. He was especially proud of Will, who was a natural athlete. And the first time he saw Ashley at her ballet recital, at five, tears had rolled down his cheeks. He was a wonderful husband and father, and his ability to turn a modest investment into a windfall was going to give their children opportunities that neither of them had ever dreamed of. He was talking about moving to London for a year at some point, so the kids could go to school in Europe. And the thought of spending days on end at the British Museum and the Tate was a major lure for Fernanda. As a result, she didn't even complain when he bought the house on Belgrave Square for twenty million dollars. It was the highest price that had been paid for a house there in recent history. But it was certainly splendid.

The children didn't even object, nor did she, when they went to spend a month there when school got out. They loved exploring London. They spent the rest of the summer on their yacht in the South of France, and invited some of their Silicon Valley friends to join them. Allan had become a legend by then, and there were others making nearly as much money as he had. But as with the gaming tables in Las Vegas, some took their winnings and disappeared, while others put them back on the table and continued to gamble. Allan was continually making deals, and huge investments. She no longer had any clear understanding of what he was doing. All she did was run their houses and take care of their kids, and she had almost stopped worrying about it. She wondered if this was what being rich felt like. It had taken her three years to actually believe it, and for the dream of his success to finally seem real.

The bubble burst finally, three years after his initial windfall. There was a scandal involving one of his companies, one he had heavily invested in as a silent partner. No one actually knew officially if, or to what extent, he had invested, but he lost over a hundred million dollars. Miraculously, at that point, it scarcely made a dent in his fortune. Fernanda read something about the company going under in the newspapers, remembered hearing him talk about it, and asked him. He told her not to worry. According to him, a hundred million dollars meant nothing to them. He was well on his way to being worth nearly a billion dollars. He didn't explain it to her, but he was borrowing against his ever-inflating stocks at that point, and when they started to collapse, he couldn't sell them fast enough to cover the debt. He leveraged his assets by borrowing to buy more assets.

The second big hit was harder than the first, and nearly twice the amount. And after the third hit, as the market plummeted, even Allan began to look worried. The assets he had borrowed against were worth nothing suddenly and all he had left was debt. What came after that was a swan dive so staggering that the entire dot-com world went with it. Within six months almost everything Allan had made had gone up in smoke, and stocks that had been worth two hundred dollars were worth pennies. The implication to the Barneses was disastrous, to say the least.

Complaining bitterly about it, he sold the yacht and the plane, while assuring Fernanda and himself that he would buy them back again, or better ones, within a year, when the market turned around again, but of course it didn't. It wasn't just that he was losing what they had, the investments he had made were literally imploding, creating colossal debt as all his high-risk investments fell like a house of cards. By year's end, he was staring at a debt almost as enormous as his sudden fortune. And just as she hadn't when he made the windfall on the first company, Fernanda didn't fully grasp the implications of what was happening, because he explained almost nothing to her. He was constantly stressed, always on the phone, traveling from one end of the world to another, and shouting at her when he got home. Overnight, he became a madman. He was absolutely, totally panicked, and with good reason.

All she knew before Christmas the year before was that he was several hundred million in debt, and most of his stock was worth nothing. She knew that much, but she had no idea what he was going to do to fix it, or how desperate their situation was becoming. And miraculously, he had made many investments in the name of anonymous partnerships and “letterbox” corporations, which were set up without his name being publicly disclosed. As a result, the world he did business in had not yet caught on to how disastrous his situation was, and he didn't want anyone to know. He concealed it as much out of pride as because he didn't want people to be nervous about doing business with him. He was beginning to feel as though he was surrounded by the stench of failure, just as he had once worn the perfume of victory. Fear was suddenly in the air all around him, as Fernanda silently panicked, wanting to support him emotionally, but desperately afraid of what was going to happen to them and their children. She was urging him to sell the house in London, the co-op in New York, and the condo in Hawaii, when he left for Mexico right after Christmas. He went there to make a deal with a group of men, and told her before he left that if it worked out, it would recoup nearly all their losses. Before he left, she suggested they sell the house in the city and move back to Palo Alto, and he told her she was being ridiculous. He assured her that everything was going to turn around again very quickly, and not to worry. But the deal in Mexico didn't happen.

He had been there for two days, when there was suddenly another catastrophe in his financial life. Three major companies fell like thatched huts within a week, and took two of Allan's largest investments with them. In a word, they were ruined. He sounded hoarse when he called her from his hotel room late one night. He had been negotiating for hours, but it was all bluff. He had nothing left to negotiate with, or trade. He started crying as she listened to him, and Fernanda assured him that it made no difference to her, she loved him anyway. That didn't console him. For Allan, it was about defeat and victory, climbing Everest and falling off again, and having to start at the beginning. He had just turned forty weeks before, and the success that had meant everything to him for four years was suddenly over. He was, in his own eyes at least, a total failure. And nothing she said seemed to console him. She told him she didn't care. That it didn't matter to her. That she would be happy in a grass hut with him, as long as they had each other and their children. And he sat at the other end and sobbed, telling her that life just wasn't worth living. He said he'd be a laughingstock around the world, and the only real money he had left was his life insurance. She reminded him that they still had several houses to sell, which all together were worth close to a hundred million dollars.