Good science is to see what everyone else can see but think what no one else has ever said.
Market leader in interest rate swaps. There was a natural role for a blue-chip corporation with the highest credit rating to stand in the middle of swaps and long-term options and the other risk-spawn...
Rather than selling people on some change, you were better off identifying the reasons for their resistance, and addressing those. Imagine
A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.
By changing the context in which two things are compared, you submerge certain features and force others to the surface. It
Charlie and Jamie had always sort of assumed that there was some grown-up in charge of the financial system whom they had never met; now, they saw there was not.
Clark liked to say that human beings, when they took risks, fell into one of two types, pigs or chickens. The difference between these two kinds of people, he’d say, is the difference between the pig...
Dont worry about where i am , i'll let you know when i get there .
Eisman was quick to see narratives, he explained the world in stories, and this was one of the stories he used to explain himself. The
Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.
He walked around the Las Vegas casino incredulous at the spectacle before him: seven thousand people, all of whom seemed delighted with the world as they found it. A society with deep, troubling econo...
If it doesn’t happen, it never was going to happen. If you never did it, it wasn’t there to begin with.
It is the nature of being the general manager of a baseball team that you have to remain on familiar terms with people you are continually trying to screw.
Lance was to computer programming what Joyce was to literature, possibly profound but also baffling.
People no longer are responsible for what happens in the market, because computers make all the decisions.
Shining a light creates shadows,
That was the moment I gave up on decision analysis, said Danny. No one ever made a decision because of a number. They need a story. As Danny and Lanir wrote, decades later, after the U.S. Central Inte...
That’s all right, says Billy. We’re blending what we see but we aren’t allowing ourselves to be victimized by what we see.
The American Home of the Future, it went without saying, would be controlled and monitored by a computer. The computer would permit the owner to enter into a new, fantastic relationship with his dwell...
The best decisions he has made in his life, he said, were completely unexpected, the ones that cut against convention. Then he went even further. He said that every decision he has forced himself to m...
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