Equities in Dallas
The financial industry has always had its ups and downs, but the downs really weigh on everyone who was used to the ups. Even one of my most positive and optimistic colleagues was having a bad week. He quoted another in our company who said, every two years you need new best friends. But that’s true – I told him it is true for sources as well as clients – and hell it might be good for personal relations as well – every two years you have to cull the herd unless it has undergone its own natural attrition.
Meanwhile, looking blue, B turned to me in the limo in Texas this afternoon and said, “ever read Liar’s Poker?” and I nodded catatonically staring at the miles of highway ahead, he said, “Equities in Dallas. That’s me right now.”