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Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.
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I remember reading Adam Smith’s take on diamonds (diamonds pre-industrial use) and water. How diamonds, totally useless, are expensive, and water, totally necessary, it cheap.
Maybe I read and didn’t understand. Never mis-estimate the appeal of shiny…