Zinc is catching it -- it was the laggard in the metals.
It is far better to keep the enemy close, by bribing him with stock options, than to have him out in the wild, foraging.
I think that fans are always looking for someone to blame. Wouldn't it be nice if they looked in the mirror?
The sports world is an echo chamber. All it takes is one quote from a general manager and a thousand sports columns bloom.
If you had to point to one thing that made it less likely that the Red Sox would win the World Series, I would say it was those people that go to Fenway Park to watch the games. And then the media around it.
The Moulin Rouge is, like the West Village and the Nasdaq, one of those places that people who don't like to take risks come to for the thrill of being on the spot where risks once were taken.
If youâ€™ve got a dozen pitchers, you need to speak 12 different languages.
One reason we've seen a decline in the past few years is that going to the movies isn't as special as it used to be. People have big screens and good sound at home. Why would they leave if you don't offer more than that?
The pleasure of rooting for Goliath is that you can expect to win. The pleasure of rooting for David is that, while you donâ€™t know what to expect, you stand at least a chance of being inspired.
The Red Sox are the local scapegoats. It's hard enough to play baseball without being the local scapegoat too.
People really don't like to hear success explained away as luck, especially successful people. As they age and succeed, people feel their success was somehow inevitable. They don't want to acknowledge the role played by accident in their lives. There's a reason for this. The world doesn't want to ac
What happens when we acknowledge the sovereignty and power of God without trusting in His goodness and faithfulness? A pitcher who saw God's power behind his extremely unlikely rise to the big leagues wondered if, at any difficulty he encountered there, God might be taking his ability away.
At SGI board meetings... Jim Clark's face would get red and he'd start shouting that an investor and board member had cheated him and his engineers.
A banking system is an act of faith: it survives only for as long as people believe it will.
That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared or desperate, he herded them like sheep into a corner, then made them pay for their uncertainty. He
My judgement is not good when I am on a book tour. I am not thinking about it that much. What happens is I will go back home. I have a 4-year-old and a 1-year-old and a wife who is now taking care of them who is wondering where her husband is.
Everything, in retrospect, is obvious. But if everything were obvious, authors of histories of financial folly would be rich . . .
The world clings to its old mental picture of the stock market because itâ€™s comforting; because itâ€™s so hard to draw a picture of what has replaced it; and because the few people able to draw it for you have no interest in doing so.
People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.
I think we were a little better at the end. We just ran out of time. We just got beat.
In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.
The reason the Greeks don't pay taxes is they don't trust where their taxes are going, because they know these other Greeks are taking money from the state for doing nothing. It's an essentially corrupt society.
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.
The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.
The institutions at the centre of capitalism are bigger than they've ever been, the pay is much greater, the ability of society to get its arms around it is much less. The political clout of the financial class is unbelievable. I'd say the story is darker than when I was there. When I was there it f
Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.
I confess some part of me thought, If only I'd stuck around, this is the sort of catastrophe I might have created.
The sheer quantity of brain power that hurled itself voluntarily and quixotically into the search for new baseball knowledge was either exhilarating or depressing, depending on how you felt about baseball. The same intellectual resources might have cured the common cold, or put a man on Pluto.
the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.
If you like crafty stuff they are going to open the market for crafty people. When Jaime Moyer of the Seattle Mariners pitches, I love watching him. In a way it is a much more interesting game than watching Randy Johnson pitch. You are not only watching a game you are watching a thought process.