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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Raymond Duray who wrote (14468)2/5/2002 10:31:33 AM
From: AC Flyer  Read Replies (1) of 74559
 
Raymond:

You've captured my feelings about much of investment banking exactly. Back in 1988 when I graduated from B-School I went through a very difficult period because I realized that Wall Street was where the money was but could not overcome my misgivings about the morality of much of I-banking. (Talk about cognitive dissonance). Any company where talk of ripping someone's face off is part of the lexicon is a menace to society. I do not understand how the guy that Partnoy quoted could sleep at night.

So I chose a career in the goods-producing sector of the economy. Unfortunately, while the morality in manufacturing is marginally better than in I-banking, the level of intelligence is markedly lower and the work is less interesting. :( So here I am, now doing my small part to destroy the US manufacturing base. I rationalize my actions as the invisible hand of capitalism, forcing my US competitors to become more efficient. Most of the time, I believe this.
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