When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, August 4, 2014

Wall Street: Rules of the Game OR Rules Gamed

"Rules are made to be gamed, and games are played to be won. That is at the core of the culture of Wall Street. If you don’t understand that, you don’t understand Wall Street." (source infra)

Wall Street's revenge of the nerds means fooling all the people all the time | Money | theguardian.com: "The Senate can have all the hearings they want. Regulators can throw all the huge fines at banks they want. That isn’t going to change Wall Street’s behavior. That kid in elementary school who was never tagged, who never lost a bet. They always won. They didn’t care about being popular. Wall Street doesn’t care about being popular either. Wall Street is just playing a game. A game with huge payouts for winning. And Wall Street is winning." (read more at the link above)

The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects