Psychologists have long known that people see patterns where none exist.
In the red southern states the mayor sometimes would say, Can you not mention that the government gave this?
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.
The larger the number of people involved, the easier it was for them to delude themselves that what they were doing must be smart.
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...
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...
Losing shouldn’t be fun. It’s not fun for me. If I’m going to be miserable, you’re going to be miserable.
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.
If you want to weaken some stereotype, eliminate the classification.
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.
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...
Baseball has so much history and tradition. You can respect it, or you can exploit it for profit, but it's still being made all over the place, all the time.
Not because he had the slightest interest in God but because he was curious about its internal contradictions.
What do you mean there is no bathrobe in my suite??!!
We study natural stupidity instead of artificial intelligence.
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.
The sheer quantity of brain power that hurled itself voluntarily and quixotically into the search for new baseball knowledge was either exhilarating or depressing, depending on how you felt about base...
The failure of decision makers to grapple with the inner workings of their own minds, and their desire to indulge their gut feelings, made it quite likely that the fate of entire societies may be seal...
That was the reason the casino bothered to list the wheel’s most recent spins: to help gamblers to delude themselves.
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.