Summer Vail is Lovely

I am at the Pacific Crest technology conference in Vail — which is delightful in the Summer. Very interesting group of people — small and large Tech firms, hedge funds, private investors, VCs.

I am the noon Keynote Presentation.

My take is that while the Recession has impacted their business, it is nothing like what has transpired at the big East Coast banks and brokers.

They are optimistic, looking for opportunities — and avoiding financial engineering.

The bottom line is that not everyone approached the 2003-07 bull market by engaging in leverage or reckless speculation.

I find it quite refreshing . . .

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