A Banking System Is An Act Of

All Of A Sudden The Market Is All About Algos And Routers.

If You Have A Patient In A Doctor's Office Who's Just Been Told They Have Terminal Cancer But There's This Operation They Could Perform Right Now That Might Save Their Lives. ... They Have A 90 Percent Chance Of Surviving The Operation — If You Tell Them That, They Respond One Way. If You Tell Them ... That They Have A 10 Percent Chance Of Being Killed By The Operation, They Are About Three Times Less Likely To Have The Operation.

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.

Each Firm Held Its Rope; One By One, They Realized That No Matter How Strongly They Pulled, The Balloon Would Eventually Lift Them Off Their Feet.

The Cdo Was, In Effect, A Credit Laundering Service For The Residents Of Lower Middle Class America. For Wall Street It Was A Machine That Turned Lead Into Gold.