Wall Street Is Not Being Made A

The Longer-term The Option, The Sillier The Results Generated By The Black-scholes Option Pricing Model, And The Greater The Opportunity For People Who Didn't Use It.

The Germans Made Just About Every Bad Investment You Could Have Made In The Last 10 Years. They Invested In Icelandic Banks. They Invested In Greek Government Bonds. They Were Heavy Into Irish Banks, Big Into Irish Banks, And They Bought U.s. Subprime Mortgage Bonds.

When Something Happens People Didn't Predict, They Find Ways To Explain It As If It Were Predictable.

I Always Find With My Stories That The Way They Start Is That I Just Get So Interested In A Person That I'm Compelled To Go Back To Them Over And Over Until I Learn More And More About Them, Without Even Quite Thinking It's Material For A Book.

The Vicious Cycle That Is Bringing Down European States Is Not Going To Hit Us [the Usa], At Least Not For A While, At The Level Of The Federal Government. The Same Cannot Be Said Of State And Local Governments.