I've long felt that Wall Street has turned into nothing more than friction in the system, grit in the gears of "real" industry. Rather than efficiently allocating capital to companies that can make best use of that capital, the professionals on Wall Street are playing very complicated shell games with Other People's Money. Every time I move the shell, I pull out 1% as a fee...
There's a classic joke about Wall Street. I feel like I read it in one of my grandfather's old joke books, probably a musty little Bennett Cerf tome from the 1950s with jokes organized in categories like "Hungarian Diplomats" and "Long Hairs".
Mike goes to visit his old friend Fred, who has been doing very well for himself in New York City. Fred's got a job working in a mail room on Wall Street, and has become quite plugged-in to all of the industry gossip. The two go for a jaunt just outside of the city, along the shore to view the haunts of the Wall Street rich and famous. As they drive along a wharf, Fred points out the notable yachts to Mike and informs him of the owners.
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