James Brody
January 5th, 2009, 11:23 AM
An economics look at resource collapse that could have been written by Chuck Darwin. Or: "As Warren Buffet noticed, you only learn who's been swimming naked when the tide goes out."
There are many more great lines from James Surowiecki's insightful essay, "Cheat, Pray, Love."
"On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough. While bank robbers are getting busier, the Bernard Madoffs are starting to get caught."
Another one: "Discovering what the crooks have been up to is disillusioning, but not as disillusioning as coming to terms with what the so-called honest people did."
Definitely worth some time and some thought...
More at http://www.newyorker.com/talk/financial/2009/01/12/090112ta_talk_surowiecki
There are many more great lines from James Surowiecki's insightful essay, "Cheat, Pray, Love."
"On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough. While bank robbers are getting busier, the Bernard Madoffs are starting to get caught."
Another one: "Discovering what the crooks have been up to is disillusioning, but not as disillusioning as coming to terms with what the so-called honest people did."
Definitely worth some time and some thought...
More at http://www.newyorker.com/talk/financial/2009/01/12/090112ta_talk_surowiecki