Tuesday, July 13, 2010

Jesus Wept

Rick Sauer recalls his days as a beginner in the enforcement arm of the Securities and Exchange Commission:
Like many of my new colleagues, I had never taken a course in securities law. I asked my imediate supervisor what I should read to begin mastering the field. She eyed me as if I were a very curious item indeed and said, "Don't bother. There's too much of it and anyway, you won't remember anything you haven't actually used.
--Richard Sauer, Selling America Short (2009)

Rick adds: "In retrospect, right she was."

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