Comments on: Book Review: A Colossal Failure of Common Sense http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Today’s economy media pack – 2009.10.23 | BrighterLife.ca http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-1255979 Today’s economy media pack – 2009.10.23 | BrighterLife.ca Fri, 16 Dec 2011 16:04:44 +0000 http://www.canadiancapitalist.com/?p=3028#comment-1255979 [...] Canadian Capitalist. Book review: A Colossal Failure of Common Sense. “I was hoping that this book would be to the Crash of 2008 what When Genius Failed is to the Long-Term Capital Management collapse of the 1990s. But it’s not even close.” [...] [...] Canadian Capitalist. Book review: A Colossal Failure of Common Sense. “I was hoping that this book would be to the Crash of 2008 what When Genius Failed is to the Long-Term Capital Management collapse of the 1990s. But it’s not even close.” [...]

]]> By: Summer 2010 Reading List | MoneySense http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-230771 Summer 2010 Reading List | MoneySense Tue, 06 Jul 2010 13:41:07 +0000 http://www.canadiancapitalist.com/?p=3028#comment-230771 [...] Book Review: A Colossal Failure of Common Sense [...] [...] Book Review: A Colossal Failure of Common Sense [...]

]]> By: Today’s economy media pack – 2009.10.23 | Today's economy blog http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-207095 Today’s economy media pack – 2009.10.23 | Today's economy blog Mon, 21 Dec 2009 15:17:57 +0000 http://www.canadiancapitalist.com/?p=3028#comment-207095 [...] Canadian Capitalist. Book review: A Colossal Failure of Common Sense. “I was hoping that this book would be to the Crash of 2008 what When Genius Failed is to the Long-Term Capital Management collapse of the 1990s. But it’s not even close.” [...] [...] Canadian Capitalist. Book review: A Colossal Failure of Common Sense. “I was hoping that this book would be to the Crash of 2008 what When Genius Failed is to the Long-Term Capital Management collapse of the 1990s. But it’s not even close.” [...]

]]> By: boko http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-201879 boko Thu, 22 Oct 2009 01:45:23 +0000 http://www.canadiancapitalist.com/?p=3028#comment-201879 By your description this book sounds like 'House of Cards" the fall of Bear Stearns, I read the book and found most of it boring, it was a minute by minute reanactement of what happened months prior to BS collapse..this one sounds like the same thing but Lehman Bros is the star. Thanks but no thanks. By your description this book sounds like ‘House of Cards” the fall of Bear Stearns, I read the book and found most of it boring, it was a minute by minute reanactement of what happened months prior to BS collapse..this one sounds like the same thing but Lehman Bros is the star. Thanks but no thanks.

]]> By: Canadian CC http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-201862 Canadian CC Wed, 21 Oct 2009 12:24:41 +0000 http://www.canadiancapitalist.com/?p=3028#comment-201862 When I look at what is going on on the market this year (leveraging, high bonus at Goldman Sachs, etc.), I feel that nobody has learned something from Lehman's failure. Wall Street is already working on more exotic products and generating profit. Thx to the Swine Flu that kept medias away from them since March, they can now "work in piece". The US Gov seems overwhelmed with the health care issues and delays controls over the stock market. The good news is that we will probably see the market going up for a while. The bad news is that it will come from another bubble and it will burst again... When I look at what is going on on the market this year (leveraging, high bonus at Goldman Sachs, etc.), I feel that nobody has learned something from Lehman’s failure.

Wall Street is already working on more exotic products and generating profit. Thx to the Swine Flu that kept medias away from them since March, they can now “work in piece”.

The US Gov seems overwhelmed with the health care issues and delays controls over the stock market. The good news is that we will probably see the market going up for a while. The bad news is that it will come from another bubble and it will burst again…

]]> By: Michael James http://www.canadiancapitalist.com/book-review-a-colossal-failure-of-common-sense/#comment-201845 Michael James Wed, 21 Oct 2009 02:56:39 +0000 http://www.canadiancapitalist.com/?p=3028#comment-201845 According to Wikipedia, Fuld was paid a total of half a billion dollars while working at Lehman. It sounds like his tenure was a resounding success, for him. In my experience, this is how leaders think -- me first. If his management style made him all this money, we can expect other CEOs to follow in his footsteps. Blaming CEOs for plundering companies is pointless. We need to change the system somehow so that actions detrimental to the company don't make them rich. A board that truly represents stockholders and rewards CEOs for long-term company success would be a great start. According to Wikipedia, Fuld was paid a total of half a billion dollars while working at Lehman. It sounds like his tenure was a resounding success, for him. In my experience, this is how leaders think — me first. If his management style made him all this money, we can expect other CEOs to follow in his footsteps. Blaming CEOs for plundering companies is pointless. We need to change the system somehow so that actions detrimental to the company don’t make them rich. A board that truly represents stockholders and rewards CEOs for long-term company success would be a great start.

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