Every form of strength covers one weakness and creates another, and therefore every form of strength is also a form of weakness and every weakness a strength.
He suggested a new definition of the nerd: a person who knows his own mind well enough to mistrust it.
He wore the same shorts and t-shirts to work for days on end. He refused to wear shoes with laces. He refused to wear watches or even his wedding ring. To calm himself at work he often blared heavy me...
I have this theory, says Andy Stone, seated in his office at Prudential-Bache Securities. Wall Street makes its best producers intomanagers. The reward for being a good producer is to be made amanager...
If a hurricane is another night in a bad marriage, a tornado is a blind date.
Ignorance allows people to disregard the consequences of their actions. And sometimes it leads to consequences even they did not intend.
Inside every alienated hacker who thinks he stands for the good things that ultimately don’t matter to most businesses there is a tycoon struggling to get out.
It said something about the ability of the free marketplace to mold people’s behavior into a socially acceptable pattern. For this was capitalism at its most raw, and it was self-destructive.
It was striking how little control we had of events, particularly in view of how assiduously we cultivated the appearance of being in charge by smoking big cigars and saying fuck all the time.
It’s hard to know how people select a course in life, Amos said. The big choices we make are practically random. The small choices probably tell us more about who we are. Which field we go into may de...
Making profits on Wall Street is a bit like eating the stuffing from a turkey. Some higher authority must first put the stuffing into the turkey. The turkey was stuffed more generously in the 1980s th...
Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient, Said Palmer. The pain of looking bad is worse than the gain of making the bes...
RBC invited Brad along with a bunch of other nonwhite people to a meeting to discuss the issue. Going around the table, people took turns responding to a request to talk about your experience of being...
The method of his execution was unsurprising: Trump always avoided firing people himself. The man who played Mr. You’re Fired on TV avoided personal confrontation in real life.
The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any price queue, as their only purpose was to tease information out of investors. The H...
The trouble, Danny suspected, was that the understanding of numbers is so weak that they don’t communicate anything. Everyone feels that those probabilities are not real—that they are just something o...
The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced it; and because the few people able to draw it for y...
Then came the so-called flash crash. At 2:45 on May 6, 2010, for no obvious reason, the market fell six hundred points in a few minutes. A few minutes later, like a drunk trying to pretend he hadn’t j...
There is another way to think of John MacWilliams’s fifth risk: the risk a society runs when it falls into the habit of responding to long-term risks with short-term solutions. Program management is n...
There was but one question he left unasked, and it vibrated between his lines: if gross miscalculations of a person's value could occur on a baseball field, before a live audience of thirty thousand,...
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