Each Firm Held Its Rope; One By

The Pleasure Of Rooting For Goliath Is That You Can Expect To Win. The Pleasure Of Rooting For David Is That, While You Don’t Know What To Expect, You Stand At Least A Chance Of Being Inspired.

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.

Every Form Of Strength Is Also A Form Of Weakness,” He Once Wrote. “pretty Girls Tend To Become Insufferable Because, Being Pretty, Their Faults Are Too Much Tolerated. Possessions Entrap Men, And Wealth Paralyzes Them. I Learned To Write Because I Am One Of Those People Who Somehow Cannot Manage The Common Communications Of Smiles And Gestures, But Must Use Words To Get Across Things That Other People Would Never Need To Say.

What Are The Odds That People Will Make Smart Decisions About Money If They Don't Need To Make Smart Decisions--if They Can Get Rich Making Dumb Decisions? The Incentives On Wall Street Were All Wrong; They're Still All Wrong.

Above All, Recognize That If You Have Had Success, You Have Also Had Luck — And With Luck Comes Obligation. You Owe A Debt, And Not Just To Your Gods. You Owe A Debt To The Unlucky.