Quote of the Day
It's from the "about" section of a blog called Paul Kedrosky's Infectious Greed:
Even further back in time, Dr. Kedrosky was one of the first technology equity analysts at a major brokerage firm. Back before there were such things as credit default swaps, collateralized debt obligations, and subprime mortgages, we vandalism-loving greed-heads on Wall Street were forced to take down capitalism the hard way -- by selling over-valued technology companies to an unsuspecting public via initial public offerings. While it eventually worked out (c.f., the tech crash of 2000), the next generation of Wall Street-ers learned from our inefficiency and took down the global money grid in half the time it took us to mess up Nasdaq. Lesson learned.Needless to say, I put him in my feed reader.
H/t The Big Picture for the catch.
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