A few people sent me THIS truly great article about the end of Wall Street written by truly great author Michael Lewis.
A lot of it–the majority of its 9 pages–focuses on a relative unknown named Steve Eisman, who was Meredith Whitney’s mentor. Reading some quotes by and about the guy, I knew I liked his style:
“I put a sell rating on the thing because it was a piece of shit,”
“He’s sort of a prick in a way, but he’s smart and honest and fearless.”
“I did subprime first. I lived with the worst first. These guys lied to infinity. What I learned from that experience was that Wall Street didn’t give a shit what it sold.”
So do yourself a favor, go take the time to read THIS article and understand Wall Street a bit better.
Posted in Breakouts