''My Speech to the Finance Graduates'' - Shiller
Project-Syndicate At this time of year, at graduation ceremonies in America and elsewhere, those about to leave university often hear some final words of advice before receiving their diplomas. To those interested in pursuing careers in finance – or related careers in insurance, accounting, auditing, law, or corporate management – I submit the following address:
This "speech" made me vomit on my own butthole and steered me further towards anarchism.
Keep in mind that he teaches at Yale Univ. These kids are paying fortunes to listen to this guy.
What's wrong with it?
Generally not so bad, but I think he might be gets carried away at some points:
Morgan Stanley is not Kickstarter. Banks like large clients because large clients can pay.
No, just no. The road to hell is paved with "social justice"...I am sure everyone thought encouraging home ownership was a good thing.
The speech is louis V indeed berooo
Yeah, I lol'ed at this speech. But this guy is no idiot - he did predict the dotcom AND the real estate bubbles. This is a good speech, for what it's intended - it expresses populist sentiment about the finance industry and its purpose, and avoids saying anything too factual or accurate, which would offend the ignorant masses. A good speaker knows his audience.
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