In our political system, money is power. And that means a few can have a lot more power than the rest. That's bad news for everyone else - and for our democracy itself.
![Alastair Campbell](images/avatarlar/pexels-elijah-o'donnell-4.png)
The bad news for journalists today is that the media, however seriously people who are in the public eye take it, is not taken as seriously as it once was - by the public.
![Barry Ritholtz](images/avatarlar/pexels-daria-shevtsova-161.png)
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.
![Ben Stein](images/avatarlar/pexels-leonie-fahjen-928.png)
Wow, bad news. Mr. Obama now hates Israel because the Israelis want to build 1,600 apartments in their own capital city, Jerusalem. Russia hates Israel, too. So do the Europeans. So does Ban Ki-moon, a Korean who is secretary-general of the UN.
![Charlie Munger](images/avatarlar/pexels-marius-venter-165.png)
They made a mistake. And it was an easy mistake to make. I don't regard setting incentives aggressively as a mistake. I think the mistake was, when the bad news came, they didn't recognize it directly. I don't think that impairs the future of Wells Fargo. They'll be better for it.