It is said that, one day, a banker was extolling the virtues of his new yacht to the financier J.P. Morgan. Morgan listened patiently for a while and then asked the question that, some one hundred years later and after yet another in an apparently never ending series of financial crashes and debacles, is still applicable:
"But where are the customers' yachts?"
Enough said.
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1 comment:
Ah yes. Who would have that thought that old JPM had it in him?
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