The Blind Men and the Elephant
In the parable "the blind men and the elephant" an elephant is surrounded by several blind men, all of whom use their sense of touch to describe what the elephant is like. In the story, each of them examines a specific part of the elephant, and, therefore, describes the creature quite differently. In most versions, the men end up in an argument over what the elephant looks like, as they all have a different view based on what part they were touching. The lesson, of course, is that each of the observers had a unique perspective, and only by combining all of them, would they collectively be able to accurately describe the elephant.
The quest to evaluate trading quality is remarkably similar; combining several key perspectives of the process is the only true way to gain an accurate picture, particularly for institutional investors....
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David Weisberger, Managing Director, Trading Services at Markit
Tel: +1 212-488-3290
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