Excessive Optimism Sows The Seeds Of Its

The Process Of Innovation Is, Of Course, Never Ending.

Greenspan, Who Knew So Much More Than Most, Knew Far Less Than Most Supposed.

We May Be In A Rapidly Evolving International Financial System With All The Bells And Whistles Of The So-called New Economy. But The Old-economy Rules Of Prudence Are As Formidable As Ever. We Violate Them At Our Own Peril.

The True Measure Of A Career Is To Be Able To Be Content, Even Proud, That You Succeeded Through Your Own Endeavors Without Leaving A Trail Of Casualties In Your Wake.

The Very Nature Of Finance Is That It Cannot Be Profitable Unless It Is Significantly Leveraged... And As Long As There Is Debt, There Can Be Failure And Contagion.