Psychologists have long known that people see patterns where none exist.
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.
In the red southern states the mayor sometimes would say, Can you not mention that the government gave this?
That was the problem with money: What people did with it had consequences, but they were so remote from the original action that the mind never connected the one with the other.
Russians had a reputation for being the best programmers on Wall Street, and Serge thought he knew why: They had been forced to learn to program computers without the luxury of endless computer time....
Thus the only Goldman Sachs employee arrested by the FBI in the aftermath of a financial crisis Goldman had done so much to fuel was the employee Goldman asked the FBI to arrest.
Reg NMS was intended to create equality of opportunity in the U.S. stock market. Instead it institutionalized a more pernicious inequality. A small class of insiders with the resources to create speed...
In context the computer programmers appeared idle. They sat quietly, stared into their screens and sipped cappuccinos. And yet they were by far the most important people on board Hyperion.
We study natural stupidity instead of artificial intelligence.
Subprime mortgage lending was still a trivial fraction of the U.S. credit markets—a few tens of billions in loans each year—but its existence made sense, even to Steve Eisman. I thought it was partly...
What do you mean there is no bathrobe in my suite??!!
Losing shouldn’t be fun. It’s not fun for me. If I’m going to be miserable, you’re going to be miserable.
Microsoft was twelve years old before people started talking about Microsoft millionaires; Netscape was one and a half.
Charlie Ledley—curiously uncertain Charlie Ledley—was odd in his belief that the best way to make money on Wall Street was to seek out whatever it was that Wall Street believed was least likely to hap...
Once handed the money, Paulson abandoned his promised strategy and instead essentially began giving away billions of dollars to Citigroup, Morgan Stanley, Goldman Sachs, and a few others unnaturally s...
What’s amazing is that they make a market in this fantasy stuff, said Druskin. It’s not a real asset.
Not because he had the slightest interest in God but because he was curious about its internal contradictions.
First base was a far richer social opportunity. First base made catching feeling like a bad dinner party - what with the ump hanging on your shoulder and all the fans and cameras staring at you. At fi...
I have a job to do. Make money for my clients. Period. But boy it gets morbid when you start making investments that work out extra great if a tragedy occurs.
Every day, the markets were driven less directly by human beings and more directly by machines. The machines were overseen by people, of course, but few of them knew how the machines worked. He knew t...
Showing 61 to 80 of 352 results