Read this awesome commentary by Jeremy Grantham at http://www.gmo.com/websitecontent/JGLetter_ALL_4Q09.pdf
" “Beware the Financial Industrial Complex”
It is not often one gets the opportunity to debate a Nobel
Prize winner, but Richard Bookstaber and I went to Wall
Street to debate Myron Scholes and Robert Reynolds
(Putnam’s CEO) on a very topical topic: “Financial
Innovation Boosts Economic Growth.” There are no
prizes for guessing which side opposed the proposition.
Richard Bookstaber, by the way, is an experienced quant
who, despite that, wrote an excellent book, A Demon of
Our Own Design: Markets, Hedge Funds, and the Perils
of Financial Innovation – a title so superb you might think
it unnecessary to read the book, but do."
Mind blowing presentation below. People pays $1500 for the summit.
We get to watch if for free :)
No comments:
Post a Comment