As the bifrucated semester continues, we become more and more occupied with presentations, papers, and other matters of import.
Why Goldman Always Wins. Megan McArdle talks about what Investment Bankers and Don LaFontaine have in common. The decision making process for one time transactions, or transactions upon which a lot relies upon, are the same: "When you have only one chance to get it right, you tend to open up your wallet and pray." I would put this into the strange market of CEO selection and payment as well. Insofar as if your selection turns out poorly, well, you know, you as a board member followed all the small signals you could to TRY to get the best candidate.
Finally, Some Real Action on Student Loans. James Surowiecki. Of interest to all business school students, I am sure.
How to reduce the mountain of debt. Felix. Felix does a pretty good job of deconstructing a Nassim Taleb meme of reducing the amount of debt in the world. I suppose we still run into the same problem: long term liabilities of pensions and companies demand high quality, long dated debt.
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