Siegel said employees looking to boost revenue at their otherwise profitable global financial firms "took the house money" and acted like gamblers. "I'm going to place it on Number 14 on the roulette table. Almost that's what they did. . . . No one was in control and no one understood what was going on." Full Story »
Posted by Kaizar Campwala
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I wish the Inquirer would have given me more of an introduction to Jeremy Siegel. That would have made these statements more relevant to me, knowing little about the stock market. Blame my ignorance, but I only find this somewhat compelling.
Interesting quotes from economist Jeremy Siegel's recent lecture about the economy. But the author adds little in terms of factual verification, sourcing or context.
Siegel said employees looking to boost revenue at their otherwise profitable global financial firms “took the house money” and acted like gamblers. ... More »
This is a sampling of soundbites from a very respected economic expert. Light on substance, unfortunately.
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