jsc173

Wall Street, R.I.P. Now What?

Puh-leez.

Once the "big kids" on Wall Street started playing with other people's money -- e.g., when the firms converted from private partnerships with their own money at risk to public corporations, it was only a matter of time.

It wasn't pure greed that killed them.

It was simple arrogance.

Or, as a wise sage once told me during the peak of the bull market, "they're like fat guys riding their bicycles downhill thinking they're going fast because they're good athletes."