<p>Nope.</p>
<p>Wall</a> Street Makes It Hard to Earn Legal Living: Alice Schroeder - Bloomberg.com</p>
<p>Nothing dishonest about making a few valuation models</p>
<p>"Nothing dishonest about making a few valuation models "</p>
<p>It is if you know they are very unfounded yet people rely on your word because you work for XXXXXXX</p>
<p>^I think most people realize there is some bias to all valuation models, but at least you’re showing your calculations</p>
<p>I have no problem being dishonest on Wall Street; however, just so long as the lies do NOT affect others and creates a hardship on their lifestyles because of a certain lie (i.e., a mini-Madoff version of a lie, not as stringent, but still gruesome).</p>
<p>Lies are subject to various interpretations other than that. Personally, lying in Wall Street depends on how we define “lie”; in monetary conditions, business plans, with the conclusion, again, that these lies are -not- downplaying and affecting to others by any means whatsoever</p>
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<p>This logic makes no sense whatsoever. If you are misrepresenting financial material then almost by definition you’re screwing over someone somewhere… even if you’ll never meet them or know them personally. </p>
<p>In many ways your comment sums up what’s wrong with Wall Street–this idea that it’s perfectly fine to manipulate the system and rules for ones personal (or ones company’s) gain so long as you never really see or know of the people that are getting screwed over in the process.</p>
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<p>Care to give a example of such a lie? I’m assuming we’re excluding “white lies”</p>