Comments
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FDThis is great stuff!
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AAIs not allocating capital "efficiently" to higher returning activities not rewarding and arguably increasing productivity?
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RSfinance as we used to understand it was about providing capital to productive businesses. What David is pointing out is that finance is no longer about that. It is about speculation & munipulation
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AALove the honesty and humility - very rare in the industry.
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MSI have been in the market for about 10 years. I have come to the same conclusion as David. I love my job, but i regret that I didnt take a path where I felt I made the world a better place!