Tuesday, October 25, 2011
- What Happens In Minneapolis, Stays In Minneapolis
The WSJ has a story today about how many people in the institutional financial services industry are migrating away from Manhattan and Greenwich, and embracing the smaller cities. You need a subscription, but it's worth reading. More than one person I know is strongly considering this path.
The thing I find most persuasive is the immediate reduction that you get in 'tail risk'. What 'tail risk'? The last time I thought to check, I don't think the Iranians were planning on Nuking Cleveland.