Great Misconceptions About The Financial Markets

1. Risk management got better after Nick Leeson and the fall of Barings.

2. Investment banks really care about their people.

3. Buying shares in banks is as safe as (subprime) houses.

4. Shares can go up as well as down.

5. Investment banks have become more strategic in their outlook.

6. Jamie Dimon really shares the pain of Bear Stearns' staff.

7. Swiss banks are cautious and experience very few mishaps.

8. Goldman Sachs is untouchable.

9. Clients will give you business after you buy them lunch.

10. A broker doesn't expect anything after paying for your ski weekend.

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Our thanks to FT Alphaville for inspiring this item.