david (e) tobey

You know what that means.

Managerial maxims to remember…

- Do not make other peoples’ anger your own.
- Praise loudly, criticize discretely.
- It’s good to be understood but it’s better to right. Folks may not understand what you’re saying; let the results prove your instincts were best.

http://www.huffingtonpost.com/2010/04/16/goldman-sachs-fraud-expla_n_540938.html#slide_image

The NY Times’ coverage can sometimes be hard to penetrate for those of us outside the Finance industry. So the Huffington Post broke things down a bit. Innocent until proven guilty, but at least understand the charges. Right?

“John Paulson picked those lousy underlying assets for the Abacus CDO so that he could bet against them by purchasing “credit default swaps” — insurance policies that pay out if borrowers default.”

Oh my.