Image via WikipediaGreat point by an Economist reader on an otherwise excellent piece explaining the current credit crisis and derivatives:"SIR - ... It is true that one person's loss is another's gain, but there is no mechanism to ensure that the gainers will invest to match the disinvestments by those who lose. The gainers my bide their time or, in other words, hoard their winnings."
- Jonathan Michie, President of Kellogg College at Oxford
Source: Economist June 28, 2008, p. 19.
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