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Dancing around the Fire of Hell


Eric50
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Good perspective on the current crisis with an octogenarian that Byron Wien sees as the smartest guy in the world.

 

Key quote: “The problem is that most investors think incrementally.  They don’t step back and look at the whole landscape, which includes how we got here and where we might end up."

 

http://www.blackstone.com/news-views/market-commentary/blog-detail/byron%27s-market-commentary/2012/07/02/the-smartest-man-is-a-firedancer

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Good perspective on the current crisis with an octogenarian that Byron Wien sees as the smartest guy in the world.

 

Key quote: “The problem is that most investors think incrementally.  They don’t step back and look at the whole landscape, which includes how we got here and where we might end up."

 

http://www.blackstone.com/news-views/market-commentary/blog-detail/byron%27s-market-commentary/2012/07/02/the-smartest-man-is-a-firedancer

 

Thank you for posting.  Blackstone Group is a smart outfit.  We may not like it, but we need to understand the reality of the headwind ahead.

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