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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: axial	7/15/2009 11:52:47 PM
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"We've bought into a statistical myth, the overpaid beneficiaries of which are the other 9,999 in 10,000. Bottom line: don't believe there's no one coming up who couldn't do a better job for far, far less. There always is." --- Our banks are beyond the control of mere mortals "Our banks were not run by idiots. They were run by able men who were out of their depth. If their aspirations were beyond their capacity it is because they were probably beyond anyone’s capacity. We could continue the search for Superman or Superwoman. But we would be wiser to look for a simpler world, more resilient to human error and the inevitable misjudgments. Great and enduringly successful organisations are not stages on which geniuses can strut. They are structures that make the most of the ordinary talents of ordinary people."{ ft.com Jim

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