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....
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...
Microsoft was twelve years old before people started talking about Microsoft millionaires; Netscape was one and a half.
I really do believe the final act in play is a crisis in our financial institutions, which are doing such dumb, dumb things,
How many people can pick up a book and find an instruction manual for their life?
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...
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...
As they worked through the order types, they created a taxonomy of predatory behavior in the stock market. Broadly speaking, it appeared as if there were three activities that led to a vast amount of...
What’s amazing is that they make a market in this fantasy stuff, said Druskin. It’s not a real asset.
The technologist’s tendency to commit all his resources to new technology,
The smart person accepts. The idiot insists.
People with Asperger’s couldn’t control what they were interested in. It was a stroke of luck that his special interest was financial markets and not, say, collecting lawn mower catalogues.
People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.
I’m doing something I always dreamed about doing, and it was about the most depressing moment I’ve ever had in my life,
In eight years alone—2010–2018—the DOE’s National Nuclear Security Administration collected enough material to make 160 nuclear bombs. The department trains every international atomic-energy inspector...
Germans longed to be near shit, but not in it. This, as it turns out, is an excellent description of their role in the current financial crisis.
A man got to have a code. - Omar Little
The sports world is an echo chamber. All it takes is one quote from a general manager and a thousand sports columns bloom.
What do you tell your mother when she asks you where to put her money? I asked. Guns and gold,
The trouble was that clarity and simplicity were more important in computer language than in human language.