Monday, November 14, 2011

Piu' che la legge, pote' lo yield

To all those claiming that capital markets are wild places that serve no constructive purpose, I reply, look at Berlusconi. As I write this I am not sure if he will ever come back, but the markets managed with merciless strength to dislodge someone that had up to now played the legal system like a fiddle. As much as we we hope for the absolute fairness and objectivity of the law, there is nothing as objective as a two way price.

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