Abdullah Anwar

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I hope that college students trying to figure out what to do with their lives will read it and decide that it’s silly to phony it up and abandon their passions to become financiers. I hoped that some bright kid at, say, Ohio State University who really wanted to be an oceanographer would read my book, spurn the offer from Morgan Stanley, and set out to sea.
Michael Lewis

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Preet Bharara Takes on Wall Street Crime

“In a recent speech in New York, Bharara surveyed the extensive rot of illegal activity on Wall Street and concluded, “The bigger and better question may not be whether insider trading is rampant but whether corporate corruption in general is rampant; whether ethical bankruptcy is on the rise; whether corrupt business models are becoming more common.” The Galleon case helps to answer these broader questions about the culture of the financial world: it illustrates how, over the past decade, cheating and self-dealing became the principal ways to succeed on Wall Street. Bharara’s campaign of deterrence has had a particularly strong effect at hedge funds.”

I think updates have to be made to the law by keeping in mind misappropriation theory.  Companies should have strict policies towards the management of the information.  Easier said than done. 

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It is our failure to become our perceived ideal that ultimately defines us and makes us unique. It’s not easy, but if you accept your misfortune and handle it right, your perceived failure can become a catalyst for profound re-invention.
Conan O’ Brien