Joe Saluzzi: “The Man in the Arena”
Posted by Larry Doyle on June 24, 2010 2:28 PM |
As a result of launching Sense on Cents, I have had the good fortune of developing quality relationships with a wide array of individuals across a wide swath of our economic landscape. One of those individuals I hold in especially high regard is Themis Trading’s Joe Saluzzi.
I have interviewed Joe twice on No Quarter Radio’s Sense on Cents with Larry Doyle (August 2, 2009 and then again on May 23, 2010). Joe is a breath of fresh air in that he ALWAYS tells it like it is. He provides total truth, transparency, and integrity at each and every turn. He has opened doors and shed sunlight on the destructive elements embedded in high frequency trading. He pulls no punches in offering an honest assessment of the markets and the economy. He is uniquely positioned to provide a wealth of sense on cents. Unlike many in the industry, Joe asks for no cover and provides none for those more inclined to operate in the dark corners and amidst the shadows on Wall Street.
I look for Joe often because he embodies the virtues I treasure. Today, Joe was interviewed on Bloomberg. He is very specific in addressing the divergence between the markets and the economy. He disparages the trading in Citigroup stock as the joke it truly is. He comments on New Jersey’s pension disaster. He cautions that although the U.S. may be a safe haven currently, our day of reckoning will come. Have a listen:
The truth may hurt, but without it we are all slaves to the system. I have no interest in that. Hats off to Joe Saluzzi, whom I deem “The Man in the Arena”:
It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.