Interview: Michael Lewis on the True Depth of the Crisis in Europe

[dcollon]

http://www.advisorperspectives.com/newsletters12/pdfs/Michael_Lewis_on_the_True_Depth_of_the_Crisis_in_Europe.pdf

 

[tengen]

Thanks for posting the link. My favourite quote from the article:

 

"Wall Street was where the dummies used to go, and now all the smart people want to go there; this is not a good sign."

[Kraven]

Thanks for posting the link. My favourite quote from the article:

 

"Wall Street was where the dummies used to go, and now all the smart people want to go there; this is not a good sign."

 

Not the timeliest of ideas.  That was probably true until the 1950s or early 1960s.  At the absolute latest, once the go-go era started in the 1960s the "smart" people decided they would like to make money too instead of being just "mad to live, mad to talk, mad to be saved".