It is the innovation that never occurs, and the knowledge that is never created, because you have ceased to lay the groundwork for it. It is what you never learned that might have saved you.
The lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.
What happens when we acknowledge the sovereignty and power of God without trusting in His goodness and faithfulness? A pitcher who saw God's power behind his extremely unlikely rise to the big leagues...
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.
Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. It was a fast-buck business, say...
A man got to have a code. - Omar Little
Moore’s law came with a social corollary: high-tech could not remain high-tech for long.
It’s what you fail to imagine that kills you.
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.
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 smart person accepts. The idiot insists.
Shining a light creates shadows,
Only someone who has Asperger’s would read a subprime mortgage bond prospectus,
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...
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.
Success was his chosen form of revenge.
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...