A Credit Default Swap Was Confusing Mainly

Everything, In Retrospect, Is Obvious. But If Everything Were Obvious, Authors Of Histories Of Financial Folly Would Be Rich . . .

People Don't Like Uncertainty, And Their Minds Are Tools For Making Sense Of The World, Even When The World Is Senseless.

I'd Stumbled Into A Job At Salomon Brothers In 1985, And Stumbled Out, Richer, In 1988, And Even Though I Wrote A Book About The Experience, The Whole Thing Still Strikes Me Me As Totally Preposterous-which Is One Reason The Money Was So Easy To Walk Away From.

There Was But One Question He Left Unasked, And It Vibrated Between His Lines: If Gross Miscalculations Of A Person's Value Could Occur On A Baseball Field, Before A Live Audience Of Thirty Thousand, And A Television Audience Of Millions More, What Did That Say About The Measurement Of Performance In Other Lines Of Work? If Professional Baseball Players Could Be Over- Or Under Valued, Who Couldn't?

Donald Trump Got Almost 3 Million Fewer Votes Than Hillary Clinton! He Happened To Get More In Some Of The Right Places. It Was Just Like One Of Those Things Where A Stock Going Up And People Impose A False Sense Of Order On It. It's Really More Intellectually Honestly Viewed As A Disorderly Process.