Sunday, March 11, 2012

Quote of the Day: Massaging Money

"I have nothing against investment banking, but it's like massaging money rather than creating money. If you're in physics, you create inventions, you create lasers, you create transistors, computers, GPS."  If you're an investment banker, on the other hand, "you don't create anything new. You simply massage other people's money and take a cut."

-Michu Kaku quoted in the Wall Street Journal