Wednesday, October 15, 2008

Why How Matters

“UBS bank’s motto is: ‘You and us.’ But the world we created was actually ‘You and nobody’ — nobody was really connected in value terms,” said Seidman. “Parts of Wall Street got disconnected from investing in human endeavor — helping business to scale and take up new ideas.” Instead, they started to just engineer money from money. “So some of the smartest C.E.O.’s did not know what some of their smartest people were doing.”

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.”

http://www.nytimes.com/2008/10/15/opinion/15friedman.html?_r=1&th&emc=th&oref=slogin

Brought to you by theYreport at y-report.com

No comments: