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The Money Game by Adam Smith

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10. CAN FOOTPRINTS PREDICT THE FUTURE?

This has been a great decade for Research on Wall Street. Every firm, or nearly every firm, has a Research Department. (I say nearly every firm because in some firms the Research Department is one seventeen-year-old wearing gym shoes who has dropped out of not only Cardinal Hayes High School but out of everything the Office of Economic Opportunity could think up. The duties of this gum-chewing apprentice of capitalism are to go for sandwiches, to deliver stock certificates, and to stamp “Research Department, Donner, Blitzen and Company, Members New York Stock Exchange” on reports that come in from Argus Research and Equity Research Associates and the other independent purveyors of Research. Donner, Blitzen ...

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