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GREED IS GOOD: Andrew Lo Believes An Exotic Financial Instrument Could Help Cure Cancer Within 20 Years
Can greed cure cancer? That is MIT Finance Department Chair and world influencer Dr. Andrew Lo’s latest hypothesis. In a forthcoming paper, Lo will argue that the structure of collateralized debt obligations — yes, the same securities...
- Posted 332 days ago
THE TRUTH ABOUT THE ECONOMY: In the 1980s, Greed WAS Good… Then We Went Overboard
There’s a famous scene in the 1987 movie Wall Street in which the corporate raider Gordon Gekko gets up at a shareholder meeting and defends his impending takeover of the company. (Click the source link above to...
- Posted 333 days ago
The Difference Between Greed and Selfishness
Disinfo Stephen Diamond writes in Psychology Todayback in 2009: Greed, like lust and gluttony, is traditionally considered a sin of excess. But greed tends to be applied to the acquisition of material wealth in particular. St. Thomas...
- Posted 341 days ago