Iceland, not so much like Newfoundland
2009-06-03
Wall Street on the Tundra | Vanity Fair
Since its fishing policy transformed Iceland, the place has become, in effect, a machine for turning cod into Ph.D.’s.
But this, of course, creates a new problem: people with Ph.D.’s don’t want to fish for a living. They need something else to do.
[…]
Enter investment banking.
