Monday, September 26, 2011

Hugh Hendry on the importance of social mood & failure

"I'd say 80% of my activity is engaged in the interpretation of social mood." - Hugh Hendry. 

That quote taken from this September 2010 BBC Hardtalk interview with Hugh Hendry

When asked about the need for regulatory control of financial markets and curtailing of risk, Hugh replies, "The best form of regulation is, 'If you mess things up, you fail.'".  

Hat tip: Kevin Kaiser at Hedgeye.