There’s an old saying in poker: if you are playing the game and you don’t know who the mark is, that means it’s you. Given that investment banks like to recruit successful poker and blackjack players as traders, one has to imagine that the ability to play a chump is a useful skill in both […]
Read more...We have to admit to being a little slow on the uptake from time to time. We reported on the FT’s February 2 editorial, which commented on the publication of the first of four reports by the Intergovernmental Panel on Climate Change. (Media watch item: still no editorial yet on this topic in the New […]
Read more...Firms jealous of Goldman Sachs’ (GS) spectacular profitability often take aim at its appetite for situations rife with conflicts of interest. A few examples: in the recent New York Stock Exchange acquisition of electronic exchange Archipelago, Goldman acted as advisor to both the NYSE and Archipelago even though it was Archipelago’s biggest shareholder and a […]
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