If you’ve got a dozen pitchers, you need to speak 12 different languages.
Complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it.
I hated discussing ideas with investors," he said, "because I then become a Defender of the Idea, and that influences your thought process." Once you became an idea's defender you had a harder time ch...
On Wall Street, the lawyers play the same role as medics in war: They come in after the shooting is over to clean up the mess.
The lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.
People who think they know what they are talking about when they talk about baseball include the announcers and all of the sports press - no matter how much evidence you present them to the contrary t...
Risk, I had learned, was a commodity in itself.
It was hard to know which of Billy's qualities was most important to his team's success: his energy, his resourcefulness, his intelligence, or his ability to scare the living shit out of even very lar...
I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.
The astute investor Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.
When you are a pessimist and the bad thing happens, you live it twice," Amos liked to say. "Once when you worry about it, and the second time when it happens.
What baseball managers did do, on occasion, beginning in the early 1980s, was hire some guy who knew how to switch on the computer. But they did this less with honest curiosity than in the spirit of a...
Wall Street makes its best producers into managers. The reward for being a good producer is to be made a manager. The best producers are cutthroat, competitive, and often neurotic and paranoid. You tu...
Wall Street investment banks are like Las Vegas casinos: They set the odds. The customer who plays zero-sum games against them may win from time to time but never systematically, and never so spectacu...
The author refers to a player's affected nonchalance and comments he is, too young to realize you are what you pretend to be.
Men in general judge more by the sense of sight than by the sense of touch, because everyone can see but only a few can test by feeling. Everyone sees what you seem to be, few know what you really are...
It’s the worldview in which if people tip in a restaurant to which they will never return it counts as a puzzle.
It’s the places in our government where the cameras never roll that you have to worry about most.
I share your feeling that such behavior is, in some sense, unwise or erroneous, but this does not mean that it does not occur,' Amos wrote to an American economist who complained about the description...
Los psicólogos de finales de los años cuarenta habían detectado, o afirmaban haber detectado, que la mente tenía la capacidad para defenderse de lo que en apariencia no quería percibir.