It gives a very good insight into what went wrong on Wall Street
the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue.
Michael ,who wrote the account of his experiences in Pokers Liar, revisits his old haunts, scarcely believing that the excesses of the 1980's would continue for two more decades.
So if you want to understand the real decisions behind the figures,take a look at the article and learn
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