Apologize for being slow on this, as I’ve been on the road, but my friend and compadre Eric Salzman over at Monkey Business Blog has alerted me, as he always does, to a demonstration of inspired assholedom in the world of finance. By way of Tyler over at Zero Hedge, he passes along the farewell letter of Jim O’Neill, the former top economist at Goldman, Sachs.
1. 9/11 and the state of the world. As many of you probably know, the atrocity of that day was one of the key forces that led me to conceive of the BRIC theme. Through its horror, it suggested to me that for globalization and the world economy to thrive, we all needed to accept a world in which different social and political philosophies could sit side by side. Luckily, and despite the staggering challenges we have been through since, by and large, that seems to be the case. Of course, as much as many negatively inclined commentators allude to the poor performance of the major economies and major markets, since 9 years ago, many emerging markets, led by the BRIC nations, have enjoyed spectacular rallies.