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10月14日

Smart guys in the room

As usual, at 9:00PM, I turn on TV, change to CNBC, watch the crowd trading floor, read the trend of DJ, another busy day, more importantly, another rallying day...well, maybe just a rebound day thanks to the desparate bail-out from all governments, but what is the next? nowdays people seems to be immunue to the bad news...Luckily I live in the powerful isolated China, without the direct impact, not feeling the lay-off, not seeing the fired bankers standing in the streets to ask for new jobs, but still, I can feel the same as those U.S bankers: panic, angry, dissapointed, desparate...What's the next? 

SO LONG, greedy Wallstreet. bye, GS, bye, MS..oh, I nearly forgot, Merill, and, yes, Lehman and Bear... Gone in my ears is what Bulskey said twenty years ago, "greed is good"... After this crisis each one seems have the capability to become an expert. They blame the greedy investment bankers, they condemn their ignorance of risks, they complain the weak government supervisory, they...
 
still believe greed is good, it's the original sin, but, the driving power of the history as well. When looking back to the history, from junk-bond in 80s, LTCM in 90s, Internet bubble in 2000, and Enrons in 04, those smartest guys are the ones to blame, however, they are, also, making the history.

Believe in the near future, they will be back...we will see..

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匿名 的图片
Pitt 发表:
或许,更应该被责怪的是FED吧?如果没有滥发美元,如果监管能够再强一点,站在这个角度看,Banker们更应该被描述成披荆斩棘的利刃,如果没有他们,可能我们的经济不会如此有活力,金融系统的发达所带来的资源配置的高效,让我们这个时代的生产力前所未有地被提高,这就是贡献。

只不过利刃在FED错误的货币政策和失灵的监管体系的误导之下,砍错了地方,这就是Jim Rogers对FED不屑一顾的根本之处,他老人家说得很明白:“只会印钞票的人不会带来好结果”

Greed的另外一面就是“利益最大化”,或者说的美好一点,叫做“商业精神”,只是,进步往往是要付出代价的
10 月 15 日

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