Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset management
"The study of economic theory is not defensible on æsthetic grounds - it hardly rivals in elegance the mathematics or physics our sophomores learn. The theory is studied only as an aid in solving real problems, and it is good only in the measure that it performs this function." -George J. Stigler, "Monopolistic Competition in retrospect," in Five Lectures on Economic Problems, London: Longmans, Green and Co., 1949, p. 22.
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How Greed and Easy Money Corrupted Wall Street and Shook the World Economy