When The Last History Of High-frequency Trading

The Inability To Envision A Certain Kind Of Person Doing A Certain Kind Of Thing Because You've Never Seen Someone Who Looks Like Him Do It Before Is Not Just A Vice. It's A Luxury. What Begins As A Failure Of The Imagination Ends As A Market Inefficiency: When You Rule Out An Entire Class Of People From Doing A Job Simply By Their Appearance, You Are Less Likely To Find The Best Person For The Job.

It Is Far Better To Keep The Enemy Close, By Bribing Him With Stock Options, Than To Have Him Out In The Wild, Foraging.

What's Fun Is Watching Actors Of That Calibre Bring Them To Life. It's Incredible. Christian Bale Spent A Day With The Character He Plays And After My Year Of Being With Him I Couldn't Have Generated The Same View Of Him. They Have A Different Way Of Looking At People, It's Fascinating To Watch.

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.

My Client Loved Risk. Risk, I Had Learned, Was A Commodity In Itself. Risk Could Be Canned And Sold Like Tomatoes.