Not because he had the slightest interest in God but because he was curious about its internal contradictions.
WHEN HE WAS a young man Billy Beane could beat anyone at anything.
The source of his unhappiness was, as usual, other people.
The rating agencies, who were paid fat fees by Goldman Sachs and other Wall Street firms for each deal they rated, pronounced 80 percent of the new tower of debt triple-A.
The nice thing about things that are urgent, he liked to say, is that if you wait long enough they aren’t urgent anymore. I
That was the reason the casino bothered to list the wheel’s most recent spins: to help gamblers to delude themselves.
National Sarcasm Society: Like We Need Your Support.
Man is a deterministic device thrown into a probabilistic universe. In this match, surprises are expected.
Light fades as it travels; the fainter it becomes, the less capable it is of transmitting data.
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...
I lived here my whole life and I've never been to this neighborhood.' And Big Mike finally spoke up. 'Don't worry,' he said. 'I got your back.
The same system that once gave us subprime mortgage collateralized debt obligations no investor could possibly truly understand now gave us stock market trades that occurred at fractions of a penny at...
The politicians in Ireland speak Gaelic the way the Real Housewives of Orange County speak French.
The fact that it is such an opaque industry should be alarming, Brad said. The fact that the people who make the most money want the least clarity possible—that should be alarming, too.
Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from one market to another.
Someone once said that education was knowing what to do when you don’t know,
I’m doing something I always dreamed about doing, and it was about the most depressing moment I’ve ever had in my life,
He was ignorant, but a lot of people mistook ignorance for stupidity, and knowingness for intelligence.
He gave a talk in which he argued that the way they measured risk was completely idiotic. They measured risk by volatility: how much a stock or bond happened to have jumped around in the past few year...
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.