The greatest challenge and opportunity of our time: relieving other people of their money

"You can take the temper of an era by looking to see what its brightest minds take up. Pythagoras applied himself to geometry. Alexander Fleming discovered penicillin. Wernher von Braun built rockets to blow up London.

But if St. Augustine were alive today, he’d probably be touting the benefits of globalised markets. Isaac Newton would be running a hedge fund in London. And Henri Poincare would be working for Goldman Sachs, calculating the return on a tranche of BBB-rate subprime debt.

Scientists and philosophers alike have turned their focus to the greatest challenge and opportunity of our time: relieving other people of their money. We are voyeurs…gawkers at the merry and absurd world of money
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Read the full post at the Daily Reckoning Oz - Subprime mortgage lending & the great liquidity crunch of 2007...