> There's also a lot more to finance than stock picking.
People aren't interested in finance because of the wonders of the Fed Repo plumbing mechanisms which Zoltan of Credit Suisse explain to all of us with his reports on a weekly basis.
Saying there's more to finance than stock picking is like saying there's more to poker than the actual game.
Sure somebody has to build the poker table and deliver it to the casino but that's not where the money is at.
People look at finance as a way to escape their mediocre lives, so stock picking it is, if it's not stock picking still it's some form of concentration bet.
People aren't interested in finance because of the wonders of the Fed Repo plumbing mechanisms which Zoltan of Credit Suisse explain to all of us with his reports on a weekly basis.
Saying there's more to finance than stock picking is like saying there's more to poker than the actual game.
Sure somebody has to build the poker table and deliver it to the casino but that's not where the money is at.
People look at finance as a way to escape their mediocre lives, so stock picking it is, if it's not stock picking still it's some form of concentration bet.