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Wall Street

A Tale Told of an Idiot

May 22, 2022 / jt / Leave a comment

He was born into a wealthy family, and thus he found himself surrounded by yes men. He never heard the word “no”; not even, or especially if it was uttered in his presence. So he developed a completely distorted view of how things worked. I no longer remember when I first heard his name, but … Continue reading A Tale Told of an Idiot

Why Wall Street Sucks

October 2, 2019October 17, 2021 / jt / Leave a comment

A little while ago I told one of my email correspondents that 90% of the folks on Wall Street are either idiots or crooked. I probably should have added “or both”.Now, of course, I can’t prove that assertion, but I can offer a small scintilla of evidence.So I offer for your consideration Goldman Sachs’s Rod … Continue reading Why Wall Street Sucks

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