Sorry, been working on my column this morning. Now I can’t figure out how to embed this week-old Bird & Fortune video from FT.com. It’s long, but highly entertaining, and while it’s already been making the rounds for a while I want to make sure nobody misses it. A sample:
There is a rule that property values never go on rising forever. That’s an absolute cast-iron rule. They never have, they never will, and only a complete fool would think otherwise.
Except that just this once we thought they would.
Dick [Fuld] did make a very fundamental strategic mistake. In that never, in his entire career, did he ever work for Goldman Sachs.