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3 Comments

    • Desire for Safety Has Made the Financial World Risky [view article]
      I agree but having gone to an IVY League MBA school where I observed first hand the very analytical "Finance" oriented guys I understand what they did and why they did it...I discovered that most had no souls ...They were generally "Autistic" individuals who were great at Math but lousy at people skills and looking beyond the abstact world. ...In their wizardry they could not factor in and understand or relate to the human consequences of the downside slope that inevitably came from the inevitable crash of the models they created.. Aug 08 01:51 AM
    • What a Time to Be a Value Investor [view article]
      Good lord....Todd... I am sure you are a "trust fund baby".Somehow you have lost the sense for 'value" ..Most people lost their shirts on the way down....I am sure you will too....!! Booyah! Jul 06 11:22 PM
    • Why Wall St. Needed Credit Default Swaps [view article]
      Gents,

      I am ashamed to be the holder of an Ivy League MBA...The ethos of greed and manipulation was part of the education I received in some of the Finance text books ...(structured finance) and many of the Professors who taught me and wrote the books are evil people ...They cared not a "whit" about the results of their endevours (like the people who created Atom Bombs) on their felow man ..Only tight regulation by our equally selfish legislators will police the environment where these kinds of evils are created and unleashed by such people.. .. . Look ...Oh where was the oversight? Later in my career I lived through the dotcom greed in Silicon Valley and this situation is extremely similar....Where was the FED? SEC? Treasury, Academia? Like Enron and the Accounting Professor on the Enron Auditing comitte they were enjoying the pay that motivated them to look the other way and overlook their professional standards,..Our leaders should be ashamed!!....Is that a word still in the dictionary? I am ashamed to be the the recepient of an IVY LEAGUE MBA....What wanton destruction my colleagues have unleashed upon my country??.. Most have no shame ...Typically they I foud my finance colleagues to be one dimensional analytical people with no sense of empathy or genuine emotions .Like dutifull soldiers they are quick follow the master plan to create immense wealth at the price of the destruction of all the values we cherish and hold dear.
      I strongly urge that we modify the MBA programs, scrutinize the people who enter, and of course regulate the freedom the graduates receive to destroy the values we lived by till now. If we do not act soon the enemy within will destroy us and of course the new rulers will create a ruling class that will be quite different...
      Humility to learn from this debacle is essentail.       Apr 23 12:10 AM
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