Must-read

Lucy Kellaway, my favourite FT correspondent, interviews Richard GERE:

The movie opens with him being interviewed by the real-life CNBC anchor Maria Bartiromo and talking fluently about “quants” and “derivative structuring”. Gere utters the words with slick assurance, but does he have any idea what they actually mean?
“Not a clue!” the actor replies. He leans forward confidentially and informs me that none of the bankers he talked to had the first idea either. “I’m watching their eyes because I want to see their mental process. Literally, I don’t think they knew what they were! It’s all a bluff, but I think most of the financial world is a bluff.”