Rogue Traders

Rogue traders who went off the rails
http://www.ft.com/cms/s/2/2d78785c-e755-11dd-aef2-0000779fd2ac.html

At any given time there exists an inventory of undiscovered embezzlement in – or more precisely not in – the country’s businesses and banks. This inventory – it should perhaps be called the bezzle – amounts at any moment to many millions of dollars. In good times, when people are more relaxed and money is plentiful, the bezzle grows. In a depression, it shrinks. As a financial system disintegrates, the capital cushions that mask the bezzle vanish.
- John Kenneth Galbraith

It’s only when the tide goes out, you find out who’s swimming naked.
- Warren Buffett

Useful link:
www.rdicoaching.co.uk

The unfolding events in the business world shows lessons have not been learned, really. Looks like there will be more to come.