Quote du Jour: Sure, You Can Trade It

By Paul Kedrosky · Wednesday, October 15, 2008 ·

Here is the quote of the day:

Our ability to trade complex assets has completely surpassed our ability to understand those assets.

    - Philip Moyer, Edgar Online

Only in securities markets would something so obvious -- and true -- require pointing out. Imagine someone saying, "Our ability to drive cars has completely surpassed our ability to keep them from exploding".