Over at Maoxian, The Chairman has been doing something pretty cool. He lists the five most read stories on Bloomberg and, if the spirit moves him, comments about them.
That's where I came across Michael Lewis' latest Bloomberg column -- about lending money to poor people:
Don't get me wrong: I have nothing personally against the poor. To my knowledge, I have nothing personally to do with the poor at all. It's not personal when a guy cuts your grass: that's business. He does what you say, you pay him. But you don't pay him in advance: That would be finance. And finance is one thing you should never engage in with the poor. (By poor, I mean anyone who the SEC wouldn't allow to invest in my hedge fund.)
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