Wall Street Smarts

“If you really want to know why the financial system nearly collapsed in the fall of 2008, I can tell you in one simple sentence.” So said a guy in a bar to Calvin Trillin.

I don’t want to spoil it, but I think the theory espoused by Trillin’s barmate applies to technology companies as well — e.g. Microsoft under Ballmer rather than Gates.

★ Wednesday, 14 October 2009