"Knit Cap Creates Huge Hangover" is Not a Good Headline
"Knit Cap Creates Huge Hangover" is Not a Good Headline
Topics: Wall Street, SIFMA, public finance, swaps, municipal swaps, press
"Finally, the business model of the investment banks is almost certainly going to change. Over the last 20 years, investment banking went from primarily an advisory business to being mostly a business where firms traded their own accounts – so-called proprietary trading."
Topics: Finance Professionals, Wall Street, Investment Banks
"Number 10: Never give up on an idea simply because it is bad and doesn't work. Cling to it even when it is hopeless. Anyone can cut and run, but it takes a very special person to stay with something that is truly stupid and harmful…"
Topics: Finance Professionals, Wall Street, Investment Banks
"The dividend of the computer revolution to us did not come in the flooding of self-perpetuating email messages and access to chat rooms; it was in the sudden availability of fast processors capable of generating a million sample paths per minute."