Tuesday, June 30, 2009


Interesting insight from the annual report

The economic turmoil around us has perhaps one moral, that the most vulnerable people are those who try to make money too fast on credit. Trading incalculable amounts of money, most of it borrowed, based simply on  whether trading prices are going to go up or down, without regard to the value of the assets, if there are any at all, that are the subject of the trade, is quite simply, reckless gambling.