CDOQ

In investment banking, exploiting regulatory loopholes is often called innovation. 

Investment finance, as taught by business schools, is a study of sophistication and precision applied to guesswork. 

Markets are as efficient as democracies are egalitarian. 

Fashion and credit cycles are self-correcting i.e. their wide and easy availability results in their decline. 

The problem with shorting a stock is that you don't know for how long the irrationality of the market will last. 

Quantitative easing from Marketplace on Vimeo .