Only someone who has Asperger’s would read a subprime-mortgage-bond prospectus,” he said.
Michael Burry, President, Scion Capital, in Michael Lewis’s “Betting on the Blind Side,” in this month’s Vanity Fair, an excerpt from his indispensable forthcoming book, The Big Short.
I’m listening to the audio book, Smartest guys in the Room, Part II. Goldman always seems to walk away with money, and take no risk.
Wall st has separated risk from reward, letting stockholders take the risk while the traders get the reward. Not the way a true capitalist system should work.