I have liked Michael Lewis's writing since I read "Moneyball", which I highly recommend by the way. This article is pretty good, although not as math and stati

I have liked Michael Lewis's writing since I read "Moneyball", which I highly recommend by the way. This article is pretty good, although not as math and statistics oriented as some of his good sports writing. I think the large scale destruction of trust in the finance and investment world is going to be very hard to rebuild. I am not sure of all the implecations of that, but I think people of my generation are never going to poor money into the stock market via 401k or otherwise invest in the quantities and ways that the previous generation did. The distruction of trust extends to the other side of as well, I think people like me will be much more reluctant to take on debt. This extends to starting businesses as well as consumer and housing debt. I have reached the point where I really don't give much thought to any startup idea that requires venture capital or other outside lending.