Quotes Meaning

"Your normal Wall Street big-swinging Richard has enough of a lingering moral compass to at least tell himself that his wizardry benefits somebody or something besides himself. You know, his cleverness makes capital markets more efficient. It provides credit to productive enterprise. Whatever."

- Tina Brown

Renowned for her sharp analysis of media and politics, Tina Brown is a successful journalist and editor. She writes about a certain kind of Wall Street financier who maintains some moral responsibility despite having a strong stake in the high finance industry. This financier thinks that his knowledge and astute tactics advance a cause bigger than self-interest.

Brown illustrates the complexity of financial professionals—who frequently work in a setting where profit is the top priority—with this analogy. She proposes that these people justify their behavior by arguing that they improve the efficiency of capital markets or extend credit to companies in need, thereby boosting the economy in ways other than accumulating wealth for themselves.

Consider it like a chef in a fine dining establishment who creates mouthwatering dishes, but feels that his culinary prowess not only fulfills his desire for fame and fortune but also improves the dining experience for all patrons. The Wall Street financier sees himself as a part of a system that benefits society through economic efficiency, much like this chef finds ways to defend his work by claiming he's elevating food culture.

Although these financiers may be motivated by their own aspirations and financial success, Brown's commentary touches on the idea that they frequently view their roles as contributing to something greater than themselves. This viewpoint enables them to preserve their moral compass and sense of purpose in a field where moral lines can occasionally become hazy.

#