When you need money, Wall Street is a heartless place.
The quote from Roger Lowenstein's "When Genius Failed: The Rise and Fall of Long-Term Capital Management" captures the unforgiving nature of Wall Street, particularly in times of financial distress. It highlights how the financial world can be unforgiving and ruthless, especially when individuals or firms find themselves in need of funding or support. In such environments, the focus often shifts to profits and loss, leaving little room for empathy.
This sentiment...