I just got dissed...

[Cutten]

Quote from wutangfinancial:

It seems much of this guy's dismay (and somebody already mentioned his name, I'm not saying which one it is) is with young intellectual capital being directed towards selfish activity, as opposed to say, heart surgery (Canada needs more qualified specialists).

How is heart surgery not selfish? Last time I checked, doctors don't do it for free. Besides, trading has social benefits, as well as the profit you personally make.

Communist Russia had lots of excellent heart surgeons and physicists. That didn't help them avoid abject poverty. It takes capitalists to do that.

 

[zdreg]

Quote from makloda:

Now you explain to me what the difference is between a hedge fund manager leveraging up 20x on toxic debt and hoping he makes out like a bandit so he can bank 20% performance fees and a Fortune 500 CEO that loads up on debt and expands capacity excessively in order to present paper profits for the fiscal year so he earns his $25m in performance bonus.

Tell me why hedge fund managers are being labeled as greedy scammers and Fortune 500 CEO are being excused thanks to "economic headwinds" when their bets go the wrong way?

Devaney's Funds Wiped Out After United Capital Gets Margin Call

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI94mfIpm4i8

purchased mansion from movie scarface

 

[makloda]

Quote from zdreg:

Devaney's Funds Wiped Out After United Capital Gets Margin Call

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aI94mfIpm4i8

purchased mansion from movie scarface

Citigroup's Ex-CEO Chuck Prince's Hamptons mansion hard to move - lowering price

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=aUUbEi_sK3tU