Over the past couple of years, I have added a name to my list of cochamim: Bruce Greenwald. He teaches at Columbia in the same program where Benjamin Graham taught Warren Buffett - a strong cultural legacy. This video captures the essence of his teaching and is worth watching:
http://www.youtube.com/watch?v=pgE6i8JHbUs
Recently, he has dedicated some of his instruction time to a discussion of what has caused the current crisis. Despite the common consensus of politicians and media, he submits that the economic crisis is not based in poorly developed financial structures, but in real fundamental economic ones. If he is correct (and I think he is), then much of the re-regulation going on is misguided and will not help avoid future crises.
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