Quote of the day

"As a new employee on Wall Street you might think this has nothing to do with you. You would be wrong. Your new environment’s resistance to market forces, and to the possibility of doing things differently and more efficiently, will soon become your own. When you start your career you might think you are setting out to change the world, but the world is far more likely to change you."

A stark warning to graduates embarking on a career on Wall Street from Moneyball author Michael Lewis, who sees the financial sector as one to which idealism and ethical conduct are anathema, subservient to self-interest and exploiting the loopholes.

(Thanks to Simon for the link.)