Archive for August, 2010

Jesse’s Café Américain: The Road to Serfdom Is Lawlessness: Inside Goldman Sachs

August 4th, 2010

This quote was just too good not to share:

“Giving sophisticated models and fast computers to traders is like giving handguns and tequila to teenage boys. Only complete mayhem can result and as we saw recently, complete mayhem did result.”

via Jesse’s Café Américain: The Road to Serfdom Is Lawlessness: Inside Goldman Sachs.

Update: another gem
OK, now what?