Moore’s law came with a social corollary: high-tech could not remain high-tech for long.
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.
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...
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.
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.
Complicated financial stuff was being dreamed up for the sole purpose of lending money to people who could never repay it.
Only someone who has Asperger’s would read a subprime mortgage bond prospectus,
If you’ve got a dozen pitchers, you need to speak 12 different languages.
It’s the places in our government where the cameras never roll that you have to worry about most.
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...
The author refers to a player's affected nonchalance and comments he is, too young to realize you are what you pretend to be.
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...
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...
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...
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...
In something like an instant the man had changed his life. He reinvented his relationship to the world around him in a way that is considered normal only in California.
It’s the worldview in which if people tip in a restaurant to which they will never return it counts as a puzzle.
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...
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.
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