To my wife, Iris, who has listened patiently for the past
65 years as I spoke of the glories of Central High School
and to my lifelong friend, Sheldon (Shelly) Rappaport,
Class 188, who experienced those glories with me.
The selected speeches and articles herein are gifted to Philadelphia’s Central High School by Eugene (Gene) Rotberg, Class of 188. Most of these speeches and articles deal with matters relating to globalization; financial excesses, crises and reforms; derivatives and strange accounting conventions; poverty and its geopolitical implications; uncertainty, vulnerability and risk; and the role of incentives and peer pressure in the financial markets. A basic theme is: “Be modest. The only perfect hedge is in a Japanese garden,” and as I wrote over 40 years ago: “Learn Chinese!” These materials are for the use of faculty, students and alumni of Central High School and for researchers and academics. The materials are in four parts.
The second part, “Finance, Capital Markets and Systemic Risk,” deals with the world of finance over the last 50 years, the impact of derivatives and financial engineering, systemic risk and the growth of worldwide capital markets and its role in providing a vehicle to facilitate economic growth.