There is an excellent article in by David Fiderer in The Huffington Post today discussing the recent questionable history that Time Magazine engaged in with this piece. Time seems to feel that lots of people were to blame, and that this must have been some type of "perfect storm" in order for all of these individuals to have caused the mess as it currently exists.
Both Time and Mr. Fiderer have overlooked how much the concept of risk drives the investment business.
Both Time and Mr. Fiderer have overlooked how much the concept of risk drives the investment business.
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