Category Archives: Finance

Thank you Paul Tudor Jones

Thank you Paul Tudor Jones.  You couldn’t have brought the issue to light more clearly and succinctly.   As the UVA student highlighted in his question to the panel, we have a big elephant in the room.  There are almost no … Continue reading

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And so it happens again…

Toddlers are notorious for scrapes, cuts and bruises.  They run without looking and hit a tree or trip over a toy.  Tears and possibly a tantrum are next but eventually a lesson is learned.  It’s easy to make an analogy … Continue reading

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Integrity over profits: Is it a choice?

The head of UBS recently told a UK parliamentary panel that UBS would “no longer put integrity above profits.” The problem with this statement is that it almost sounds like a choice of one versus the other.  Common business sense … Continue reading

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Maintaining the Status Quo

There were a number of interesting highlights which came out of the recent rogue trader trail in London which weren’t surprising.  They can be summarized succinctly by this quote from the Economist on November 24th:  “Take a smart and ambitious … Continue reading

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Fiscal Cliff: It’s a matter of confidence.

For the US government to find itself at another crisis point such a short period after the recent debt ceiling debate is astounding.  In 2011, we watched as the US government debated the debt ceiling to the last hour and … Continue reading

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Why bankers’ bonuses are important

For years now we’ve heard about bankers’ bonuses.  What most of the discussions seem to be saying are that they aren’t fair and that bankers must be doing something bad in order to earn that kind of money.  While that … Continue reading

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Who belongs to the hundred dollar bill?

If you’re walking down the street and you see a hundred dollar bill on the sidewalk, what do you do?  Do you pick it up and put it in your pocket because this is your lucky day?  Or do you … Continue reading

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All bankers are not good

All bankers are not evil.  But, all bankers are not good either. Unfortunately Goldman feels the need to give this impression prior to the book Why I Left Goldman Sachs being released.  In particular, the word “muppet” was used by … Continue reading

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Is there such a thing as morality in banking?

“Kill all the lawyers” isn’t a particularly new sentiment, but today it’s far more common to hear “kill all the bankers”.  Individuals, who one could argue once held a position of trust in our society, are now detested.  As it … Continue reading

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