3 ms·

“I don’t have the brain capacity to think about the system as a whole. All I’m concerned with is how this affects our company.” I wonder how many people really

“I don’t have the brain capacity to think about the system as a whole. All I’m concerned with is how this affects our company.” I wonder how many people really understand the system as whole. From the outside, it looks like a complex natural phenomenon that we don't really understand and don't control.

ricardobeat 13y ago
That's not to be taken literally, you can be pretty sure the head of a hedge fund understands the system very well. He was just stating his priorities.
- adaml_623 13y ago
  A large number of hedge funds lost a lot of money in the crash. This is proof of a sort that their heads did in fact not understand the system well.
  - kamaal 13y ago
    There isn't much incentive or motivation to think of the larger system, when you are being paid $12 million an year bonus to think only of your own benefit.
    - venomsnake 13y ago
      And that is why businessmen make mediocre politicians and policymakers at best. You need to take all thing into account thinking decades into the future. So next time a self made billionaire thinks he can enter politics on basis of his current success this should be taken into account.
whatgoodisaroad 13y ago
It reminds me of that old quote from Baron Rothschild (popularized, I think, by Ben Bernanke): > Baron Rosthschild was once heard to say that he knew of only two men who really understood gold -- an obscure clerk in the Bank of France and one of the directors of the Bank of England. "Unfortunately," he added, "they disagree." http://goo.gl/7EUCx http://goo.gl/7EUCx