http://alephblog.com/2009/01/27/ten-takeaways-from-the-greenspan-years/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Fri, 25 May 2012 21:31:47 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://alephblog.com/2009/01/27/ten-takeaways-from-the-greenspan-years/comment-page-1/#comment-20811 Russ Wood Wed, 28 Jan 2009 13:56:55 +0000 http://alephblog.com/?p=1385#comment-20811 Thanks David. #1 is a great lesson for any leader or manager. #2 and #9 are related. Greenspan's (and Sec. Baker's) loose lips and clear speaking lead to the '87 crash. He would not make that mistake again. #10 is the most important, but I fear most ignored by our central bankers. Thanks David.
#1 is a great lesson for any leader or manager.
#2 and #9 are related. Greenspan’s (and Sec. Baker’s) loose lips and clear speaking lead to the ’87 crash. He would not make that mistake again.
#10 is the most important, but I fear most ignored by our central bankers.

]]> http://alephblog.com/2009/01/27/ten-takeaways-from-the-greenspan-years/comment-page-1/#comment-20810 Eric Tue, 27 Jan 2009 21:41:45 +0000 http://alephblog.com/?p=1385#comment-20810 11) Given the choice between (1) making a $100 million for himself and jeopardizing shareholder wealth, and (2) making $5 million for himself and not jeopardizing shareholder wealth, a material percentage of corporate executives will choose the former. And any Fed chairman who reacts with "shocked disbelief" at this should be stood against a wall. 11) Given the choice between (1) making a $100 million for himself and jeopardizing shareholder wealth, and (2) making $5 million for himself and not jeopardizing shareholder wealth, a material percentage of corporate executives will choose the former. And any Fed chairman who reacts with “shocked disbelief” at this should be stood against a wall.

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