Tuesday, September 30, 2008

Does This Work?

Came across this quote from Michael Lewitt of Hegemony Capital Management recently:

At some point, society has to figure out that the way an investor earns his money is even more important than the amount of money he makes. This is why human beings were vested with moral sentiments, so they could distinguish the quality of human conduct from the quantity of its results.

hmm. An interesting idea, and one that garners some attention in a climate like this one. I don't think it would hold water in a bull market, say what you will about moral sentiments, but a very interesting thought to say the least...