Fiday Hodgepodge!

Yuppy-fication is killing us!

One of the problems I’ve lamented about over the last several years is what I refer to as the Yuppy-fication of Wall Street. Instead of the guys who made it to the top because of their guts, instincts, and brains, we now are faced with a world of Ivy-league MBA’s with spreadsheet running this institutions. Often guys that have never had to worry about how to feed their kids, or make their mortgage payments or scrape together just enough of their own funds to launch a venture that later failed miserably; instead we have an incestuous pool of people with powerful contacts populating the upper echelon.