November 09, 2008
I covered all the usual suspects – belief-based economics, under-regulation, dumb-regulation, the banking industry’s new business model, and a few others. I also got to (try to) explain CDS’s and CDO’s.
Lots of fun. Especially afterward when I was asked to summarize the message for future business leaders in one lesson:
“Time frames matter. You’ll make more profit in the medium and long run if you don’t always try to maximize it in the short run.”