Thanks for the memory. I'm a former PSD, too. Was there "just a few years" before you :) I don't think that I worked with many who went to college. We just worked hard.

There is another thing that seems to have gotten lost in Bear Stearns over the past year or so. It's that if you even "thought" that you were loosing money on something; you had to come clean the moment you knew, and then do something about it -- cut your losses, don't dwell on it and move on.