It turns out Wall Street was run by teens with raging hormones. Who knew executive incentive compensation was a fountain of youth elixir? Greed and leverage brought down the world financial system, killing investing for years to come. Causes include the lack of adult supervision. Bloomberg reported:
Who's leading the effort to reform the global financial system in Davos, Switzerland? Chair of World Economic Forum effort is David Rubenstein, co-founder of The Carlyle Group. What are the odds that private equity comes out on top? Who knew the golden age of private equity involved teenage hormones? Welcome to the Curious Case of Penultimate Profits.
“We are most assuredly going to see the hand of government play a much greater role in markets,” Morgan Stanley Asia Chairman Stephen Roach said in an interview. “The question that needs to be answered is what impact that will have on allocating capital and how capital is used in the economy. Letting the system go on without adult supervision led us to where we are today.”
Who's leading the effort to reform the global financial system in Davos, Switzerland? Chair of World Economic Forum effort is David Rubenstein, co-founder of The Carlyle Group. What are the odds that private equity comes out on top? Who knew the golden age of private equity involved teenage hormones? Welcome to the Curious Case of Penultimate Profits.
