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Re: Many of our problems in a nutshell 

By: Down And Out Man in ALEA | Recommend this post (1)
Thu, 17 Jan 13 1:16 AM | 72 view(s)
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Msg. 12471 of 54959
(This msg. is a reply to 12470 by loosechange)

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You really come away loathing Wall Street investment bankers 

I had already learned to do that well over thirty five years ago. Shocked


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The above is a reply to the following message:
Re: Many of our problems in a nutshell
By: loosechange
in ALEA
Thu, 17 Jan 13 12:54 AM
Msg. 12470 of 54959

Orda,

Yes, Black Swan was a good read and is referenced n many books about the Financial Crisis e.g. Michael Lewis in "Panic - Financial Insanity", et. al.. In his book "Panic", Mr. Lewis clearly points to crux issues such as lack of "skin in the game", the Black-Scholes folly, and herd mentality - it is a good read in itself. You really come away loathing Wall Street investment bankers (and self-serving ex-hedge fund managers like Jim Cramer).


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