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more reflections on knitting and the financial markets August 5, 2008

Posted by Bradley in : Uncategorized , trackback

As I think about the grandma “sticking to your own knitting” stories, it seems to me that the phrase likely originally includes the idea of minding one’s own business – which is a bit different from the idea of focusing on core strengths. I’m not suggesting at all that knitting is frivolous, and thus has little relationship to the financial markets. Some practitioners take their work very seriously indeed: in fact their attention to detail might be useful in the financial markets (see, e.g., the recently published Recommendations of the SIFMA Credit Rating Agency Task Force, suggesting that CRAs could have been more focused on details and on communicating those details.)

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