tag:blogger.com,1999:blog-8746692.post649406079561923773..comments2024-03-19T11:28:58.168-04:00Comments on History Unfolding: Financial brilliance?David Kaiserhttp://www.blogger.com/profile/05020082243968071584noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8746692.post-46519005677981952132008-12-10T03:32:00.000-05:002008-12-10T03:32:00.000-05:00Hi Davidwhy are people like you (intelligent, sobe...Hi David<BR/><BR/>why are people like you (intelligent, sober, community-minded, etc) always the ones petitioning the dickheads that seem to run everything in your country, to consider doing the right thing? How come the genuinely best and brightest never get within a bull's roar of real power in the USA, so that the right thing gets done from the get-go? The dickheads running Harvard are just a small subsection of a whole class of dickheads, hunnerds and thousands of them, running the finance sector, the national security state, Enron and the utilities, etc. And the there's the govt itself...<BR/><BR/>Rant over. I wanted to do two things - one, do you know whether Road to Dallas book will be available here in Australia? I could order it via Amazon but the shipping makes it expensive. I couldn't ascertain this from the book's site (by the way, it would be good if that site had a link to this blog...)<BR/><BR/>Also, I wanted to thank you for your efforts on this blog, which is now one of my regular drop-in websites. I don't always agree with your emphases but I am very often made to think bout things in a different way by what you write - so thanks, and have a good festive season and a great 2009.<BR/><BR/>Glenn Condell<BR/>gcon7594@mail.usyd.edu.auAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8746692.post-10084115049374110982008-12-08T19:27:00.000-05:002008-12-08T19:27:00.000-05:00Like their counterparts in the academic department...<I>Like their counterparts in the academic departments, the (mostly Boomer) managers of the endowment showed extraordinary cleverless, but an utter absence of wisdom.</I><BR/><BR/>Did you mean cleverness? <BR/><BR/>I think the real issue is the whole financial industry is so overcapacity that there just aren't a lot of opportunities left. El-Arian and Swenson may have had a good idea but now everyone went to that fishing spot and there's nothing there but empty beer cans and muddy water. The self dealing of financial advisors has been an issue for government entities around the country, from Florida's money market fund to Transit authorities to Jefferson County Alabama to school districts in Wisconsin.HoosierDaddyhttps://www.blogger.com/profile/06070310058834687381noreply@blogger.comtag:blogger.com,1999:blog-8746692.post-46811407974218095452008-12-06T13:16:00.000-05:002008-12-06T13:16:00.000-05:00I don't see too many financial geniuses laudin...I don't see too many financial geniuses lauding Harvard's hedge fund strategy now. Frankly, it is disgusting how common sense got thrown out the window by the boomer generation in the face of any "get rich quick" scheme. <BR/><BR/>When 40% of the S&P500 profits were from "financial services" (and twice as many Harvard graduates joined Wall Street than the previous generation) you know you have a problem in the "real" economy.Anonymousnoreply@blogger.com