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.
Donnie Green himself had been a trader at Salomon Brothers in the dark ages, when traders had more hair on their chests than on their heads.
By changing the context in which two things are compared, you submerge certain features and force others to the surface.
And who would deny that the consumer demand for ever more stuff at ever cheaper prices is one of the great deterministic forces in history?
After the meeting, RBC conducted a study, never released publicly, in which they found that more than two hundred SEC staffers since 2007 had left their government jobs to work for high-frequency trad...
Why they studied economics, and they’d explain that it was the most practical course of study, even while they spent their time drawing funny little graphs.
Fifth risk: the risk a society runs when it falls into the habit of responding to long-term risks with short-term solutions.
With every stroke of their keyboards they hacked a path through the forest that others would be required to follow.
Why had so much conventional wisdom been bullshit? And not just in sports but across the whole society. Why had so many industries been ripe for disruption? Why was there so much to be undone?
When you are a pessimist and the bad thing happens, you live it twice, Amos
When Neil Armstrong took his small step from Apollo 11 and looked around, he probably thought, Wow, sort of like Iceland—even though the moon was nothing like Iceland. But then, he was a tourist, and...
What was the secret to dealing with the assholes? Lift weights or learn karate, said O’Grady.
What happened was that everyone in Ireland had the idea that somewhere in Ireland there was a little wise old man who was in charge of the money, and this was the first time they’d ever seen this litt...
What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong...
What I learned playing basketball at Ole Miss, he said, was what not to do: beat up a kid. It's easy to beat up a kid. The hard thing is to build him up.
We tried to trademark proximity, but you can’t because it’s a word,
To the untrained eye, the Wall Street people who rode from the Connecticut suburbs to Grand Central were an undifferentiated mass, but within that mass Danny noted many small and important distinction...
Thousands upon thousands of government employees take to the streets to protest the bill. Here is Greece’s version of the Tea Party: tax collectors on the take, public-school teachers who don’t really...
Thomas Pyle, president of the American Energy Alliance, which, upon inspection, proved to be a Washington, DC, propaganda machine funded with millions of dollars from ExxonMobil and Koch Industries. P...
This was yet another consequence of turning Wall Street partnerships into public corporations: It turned them into objects of speculation. It was no longer the social and economic relevance of a bank...