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.
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.
Once very smart people are paid huge sums of money to exploit the flaws in the financial system, they have the spectacularly destructive incentive to screw the system up further, or to remain silent a...
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.
With stagnant wages and booming consumption, the cash-strapped American masses had a virtually unlimited demand for loans but an uncertain ability to repay them.
Microsoft had made it clear that the only way to preserve your station in Valley life was to create a monopoly. If you created a monopoly, you were at least partially exempt from the ordinary rapid cy...
The politicians in Ireland speak Gaelic the way the Real Housewives of Orange County speak French.
If there was a single lesson I took away from Salomon Brothers, it is that rarely do all parties win. The nature of the game is zero sum. A dollar out of my customer’s pocket was a dollar in ours, and...
The human mind was just bad at seeing things it did not expect to see, and a bit too eager to see what it expected to see. Confirmation
He wondered, often, what it would look like if and when the shit in question hit the fan: The stock market at bottom was rigged. The icon of global capitalism was a fraud. How would enterprising polit...
A tourist can't help but have a distorted opinion of a place: he meets unrepresentative people, has unrepresentative experiences, and runs around imposing upon the place the fantastic mental pictures...
Someone once said that education was knowing what to do when you don’t know, said
The first day after the merger, Brad got a call from a worried female employee, who whispered, There is a guy in here with suspenders walking around with a baseball bat in his hands, taking swings. Th...
The final two words of his challenge, no tears, meant that the loser was expected to suffer a great deal of pain, but wasn’t entitled to whine, bitch or moan about it. He’d just have to hunker down an...
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...
Textbooks in economics, which explain the economic purpose of money (a unit of account, a store of value, and a means of exchange), usually neglect to mention the chief role of money in America: a sou...
The retirement age for Greek jobs classified as arduous is as early as fifty-five for men and fifty for women. As this is also the moment when the state begins to shovel out generous pensions, more th...
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.
Every form of strength is also a weakness. Pretty girls tend to become insufferable because, being pretty, their faults are too much tolerated. Possessions entrap men, and wealth paralyzes them.
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