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
Wall Street
Why Wall Street Sucks
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