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risk? what risk?

An article by Andrew Leonard on two new books:

Complex financial instruments have made Wall Street incomprehensible to the average consumer -- and allowed "experts" to make fortunes. Two new books remind us that swindlers may have always been with us, but that today they are running the show.
This is not just the fault of those who peddle services that no one understands, it's also the fault of those who plunge in, dollar signs in their eyes (Granted, there are many people that are simply investing their life savings and should be secure, and in any case, that doesn't excuse reckless behavior on the part of "risk managers"). I am reminded of that episode of the Simpsons where Homer puts the family's life savings into a company called "Animotion". He goes to buy the stock and the stockbroker says: "Sir, are you sure you understand the risks of stock trading?". Cut to those priceless images of what goes on in Homer's brain and you see a display of dancers, homer in the center, and a giant gorilla that appears behind courtains, growling and holding fistfulls of dollars, while Homer and the dancers sing: "Bring in the money... Bring in the money...". Cut back to the stockbroker, who is waiting for Homer's answer, and Homer says: "You heard the monkey. Make the trade."


Since we're on Simpsons'-remembrance mode, that episode also has a great bit when Homer's checking the moves on the Animotion stock he just bought. He calls an automated phone service with voice recognition. On the other side there's one of those computer voices that speak-in-unnatural-breaks.

Computer: Please say the name of the stock you wish to check.
Homer: Animotion.
Computer: Animotion. Up-one. (or something of the sort).
Homer: (Celebrates) Yahoo!
Computer: Yahoo. Up-ten.
Homer: (looking puzzled at the phone) Eh? What is this crap?
Computer: FOX Networks. Down-eight.


Categories: technology
Posted by diego on May 1 2003 at 5:18 PM

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