April 28, 2010 at 1:32am
(The Economist 4/22/10)
Editorial is equivocal in it's position towards Goldman Sachs, but contains an interesting statement:
"...the idea of willing counterparties, with full and accurate disclosure, each seeking to profit from the other’s inferior grasp, is central to financial markets."
Ah - disclosure AND deceit, together is a "central" concept?
Editorial is equivocal in it's position towards Goldman Sachs, but contains an interesting statement:
"...the idea of willing counterparties, with full and accurate disclosure, each seeking to profit from the other’s inferior grasp, is central to financial markets."
Ah - disclosure AND deceit, together is a "central" concept?
O.k.
[comment by NH] "Commonly called 'dumb' money and 'smart' money. Except sometimes the smart money is pretty dumb."
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