This is The End, My Friend

So, I’ve been busy lately but I had saved this link to read when I had a few spare minutes which, to my surprise, I had recently. Michael Lews is one of my favorite authors. His book, Liar’s Poker: Rising Through the Wreckage on Wall Street still ranks as one of the best […]

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Written by randomfool on November 17th, 2008 with no comments.
Read more articles on General Folly.

So, I’ve been busy lately but I had saved this link to read when I had a few spare minutes which, to my surprise, I had recently. Michael Lews is one of my favorite authors. His book, Liar’s Poker: Rising Through the Wreckage on Wall Street still ranks as one of the best books that I have ever read (and, given the current economic crises, was one of the earliest works to point out the problems that ultimately lead to today’s nightmare). By the way, Lewis wrote two other great books, Moneyball: The Art of Winning an Unfair Game
and The Blind Side: Evolution of a Game if you are into sports!  Anyway, Lewis penned a great article, which I assume is just one of many to come in the coming weeks, months and years as we try to sort out what has happened in the financial sector.  Check out his article here.  It’s becoming clear to me, that as we move deeper and deeper into this financial mess, that we are basically unwinding all of the “value” that we “created” over the last 20 years or so in the financial sector.

Written by randomfool on November 17th, 2008 with no comments.
Read more articles on General Folly.

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