QOTD: "Complexity Impresses"

I think the money shot from James Montier’s Flaws of Finance rap that I linked to earlier is this:

Unfortunately in finance we have a habit of liking complexity.

Because complexity impresses.

It allows people to charge high fees.

It keeps outsiders out.

…and so we rely on complexity to baffle, bamboozle and generally thwart common understanding.

Tell me that doesn’t explain half the stupid shit we witness on The Street day in, day out.

When I create the next presentation for my firm’s asset management services, I’m going to see if I can do it in less than 10 slides.  I’m going to try to avoid using any words that non-finance people couldn’t understand.

 

 

 

What's been said:

Discussions found on the web
  1. Be Rich Now! commented on Sep 22

    … [Trackback]

    […] Here you will find 79007 additional Information on that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  2. bitcoin loophole commented on Sep 30

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  3. Dank Vapes commented on Oct 13

    … [Trackback]

    […] Find More here to that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  4. Keltec Firearms for Sale commented on Oct 14

    … [Trackback]

    […] Here you can find 48675 additional Information to that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  5. 사설토토 commented on Oct 17

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  6. cbd oil reddit commented on Nov 28

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]

  7. alphabet.pumps replica commented on Dec 30

    … [Trackback]

    […] Here you will find 1416 more Information on that Topic: thereformedbroker.com/2012/05/13/qotd-complexity-impresses/ […]