The best overall regulation the U. S. could impose is to limit the size of every financial institution so that the possibility of out right failure guides every actor.
Monday, January 7, 2013
Friction Costs
I have been a long time follower of Warren Buffet and Berkshire Hathaway and a quick read of Tap Dancing to Work shows me how I developed the concept of investment banker's playing with themselves and frittering away investor capital.
No comments:
Post a Comment