Tuesday, October 14, 2008

Light at the end of the tunnel

The Dean of Harvard Business School has said: There is no such thing as a capital markets expert, especially in these markets … None of us really realised that this course of events would expose such fragile structures

The one thing he would like to change in the world of business & commerce would be to restore the system of trust

Banking has always been a confidence trick. In two senses. The sort perpetrated by criminals is one. But the other works magic tricks with trust. When trust goes, the illusion is shattered


Link