Ji Lee Kills the Wall Street Bull
Wooster Collective posted this striking photo illustration today which really captures the current essence of Wall Street. Ji Lee‘s realistic looking piece comes from an interesting Portfolio Magazine article by Liar’s Poker author Michael Lewis which explores his account of what went wrong. The story is a fascinating (and cautionary) tale about greed, stupidity and bad luck.
To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue.