It’s taboo, he said. When they ask you why you want to be an investment banker, you’re supposed to talk about the challenges, and the thrill of doing deals, and the excitement of working with such hig...
It was in Las Vegas that Eisman and his associates’ attitude toward the U.S. bond market hardened into something like its final shape. As Vinny put it, That was the moment when we said, ‘Holy shit, th...
If you are a self-possessed man with a healthy sense of detachment from your bank account and someone writes you a cheque for tens of millions of dollars you probably behave as if you have won a sweep...
Fracking—to take one example—was not the brainchild of private-sector research but the fruit of research paid for twenty years ago by the DOE. Yet fracking has collapsed the price of oil and gas and l...
For a technology company to succeed, he argued, it needed always to be looking to destroy itself. If it didn’t, someone else would.
Don’t worry. You gave him the right answer. Actually, Michael was after something more important than the fate of his Briarcrest teammate. I wanted to see what type of person he was, he said later. If...
Dark pools were another rogue spawn of the new financial marketplace. Private stock exchanges, run by the big brokers, they were not required to reveal to the public what happened inside them. They re...
Anti-intellectual resentment is common in all of American life and it has many diverse expressions. Refusing to draft college players might have been one of them.Bill James
Years later he would say that when he'd decided to become a professional baseball player, it was the only time he'd done something just for the money, and that he'd never do something just for the mon...
To Redelmeier the very idea that there was a great deal of uncertainty in medicine went largely unacknowledged by its authorities. There was a reason for this: To acknowledge uncertainty was to admit...
It actually went pretty well, until they got onto the topic of marijuana. So you got caught smoking weed your freshman and sophomore years, said the Rockets interviewer. What happened your junior year...
In 2005 Rick Santorum, a senator from AccuWeather’s home state of Pennsylvania and a recipient of Myers family campaign contributions, introduced a bill that would have written this idea into law. The...