"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades

"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald

"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden

"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints

Tuesday, November 29, 2011

CFA: Classic Financial Absurdity

Wait CFA! The test is Saturday and I can't find my book on market micro-structure...how am I supposed to be a qualified financial engineer if I can't explain how the exchanges actually work?  Fuck!
NBBO? we're not using that.
Quote fluttering? 2 Legit 2 Quit
Efficient Market? Not with the Plunge Protection Team. (VIDEO, skip to 2:34)
Transparent ethical behavior? See Hank Paulson.
Honest book keeping? Jon Corzine is tutoring me @ MF Global's HQ.

But I get it, I'm not a CFA (yet) so what do I know?  I mean what could really happen inside of a second right?