They Write Letters

I love the Letters to the Editor in the NYT’s. There were many on Joe Nocera’s article in last weeks Magazine about “Risk Mismanagement.” This one really sums it up:

At the end of the day, it was the human element that was fundamental to what happened here. Indeed, the most cogent view of what took place was shared with me by a senior executive of a major investment bank: “It wasn’t that [senior management] didn’t see the black swan; it was simply that they were unwilling to kill the golden goose.”

TONY VENEZIA
Mamaroneck, N.Y.

Thank you very much Mr. Venezia you are so right!