Each Firm Held Its Rope; One By

Like Adam, Formed From Clay, Children Are Formed From The Biological Material Of Which They Are Made Or By The Hands Of Their Parents.

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.

Incredibly, At This Critical Juncture In Financial History, After Which So Much Changed So Quickly, The Only Constraint In The Subprime Mortgage Market Was A Shortage Of People Willing To Bet Against It.

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.