If you want to make money, work directly with money.
– Bernie Cornfeld’s explanation of Jonathan’s puzzle. Financial markets seek meaning, and discount luck. Financiers are therefore in a strong position to get rent from their luck as well as their brains. And a lot of other people’s money passes through their hands, so they do not have to worry about cashflow much.
Well the place is really jumping to day isn’t it!
You all still hung over after Guido and Ian’s party?
They got a big pat on the back from Brian Appleyard in the Times today by the way.