I think it’s a sign that you’re in the wrong line of work when you realize that you don’t want your boss’ job.
October 14, 2008
Latin hides the stupidity of the priest
The title of this post is taken from a Sicilian proverb. I think it partly describes the corporate culture that helped create the current banking catastrophe. I also think that it helps explain a phenomena endemic to a lot of bubbles throughout history: the corresponding madness of crowds, or suspension of common sense, which leads to their creation.
Risk models that didn’t account for crisis conditions [...]
October 14, 2008
Which way to Nashville
The new Kings of Leon album, Only by the Night, is a mediocre rehash of the worst stadium pop that has defined them of late. Maybe I’m just waking up to this and it’s been there all along, but these guys are now truly cheesy.
The songs don’t have much new or interesting to really write about, [...]
