Paging Gordon Gekko And Bud Fox…

[i] Let me state for the record that I have no reason to believe that Accenture (ACN) acted in any manner that was illegal. And while I have no evidence that the principals at Blue Horseshoe were fans of the movie, they had to have been aware of the connection.

[ii] I realize now that it is rather interesting that there is far less popular media involving Wall Street like there was in the ‘80s or early ‘00s. Perhaps it is because it is difficult to depict drama watching traders who watch screens rather than shout loudly.

[iii] One of those innovations was “portfolio insurance”, which centered on the concept that portfolio managers could sell futures in down markets to hedge their stock holdings. It later became one of the reasons for the market crash, when too many traders tried to sell too many futures in a belated attempt to hedge. 

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