Wishful thinking is not sound public policy.
Inaccurate analysis produces faulty insights and bad decisions - which lead to losing a tremendous amount of money.
To say that past managements of Citigroup were poor would be a kindness.
Historical analogy is the last refuge of people who can't grasp the current situation.
The biggest disappointment has been seeing the number of people in this business with very shortsighted views.
Marrying to increase love is like gaming to become rich; alas, you only lose what little stock you had before.
I believe that whenever an overall view or theme is applied to an entire industry, bad decisions will be made.
There are a lot of bands and performers whose careers are permanently derailed by spectacularly bad management.
