Wednesday, December 01, 2010

The blind leading the blind ...

I have wondered for some time whether the investment community were a bunch of con artists, or deluded.

I believe that I have my answer.

In the November issue of the US edition of Playboy is an article titled 'How to Destroy a Bank'.

In it, the author interviews several investment bankers. All of them lost a great deal of money in the recent collapse; are convinced that they can make it back with 'hard work'; and see financial Doomsday as impossible.

In other words, they are idiots.

1 comment:

James Higham said...

It takes an article like that though, doesn't it?