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| Link | Quote | Stars | Tags | Author |
| f7cb619 | If a hurricane is another night in a bad marriage, a tornado is a blind date. | Michael Lewis | ||
| a2daee9 | When the Goldman Sachs saleswoman called Mike Burry and told him that her firm would be happy to sell him credit default swaps in $100 million chunks, Burry guessed, rightly, that Goldman wasn't ultimately on the other side of his bets. Goldman would never be so stupid as to make huge naked bets that millions of insolvent Americans would repay their home loans. He didn't know who, or why, or how much, but he knew that some giant corporate e.. | credit-default-swap goldman-sachs mike-burry subprime-mortgage-bonds | Michael Lewis | |
| 1a4b8a9 | When you are a pessimist and the bad thing happens, you live it twice, | Michael Lewis | ||
| ef6e6f1 | At one point he turned to Christie and said, "Chris, you and I are so smart that we can leave the victory party two hours early and do the transition ourselves." | Michael Lewis | ||
| 4dc01d8 | People often work hard to obtain information they already have | Michael Lewis | ||
| 72dcf8b | we are most often rewarded for punishing others, and punished for rewarding. | Michael Lewis | ||
| 39e305a | A man who can tell a good story can make a good living as a broker. | Michael Lewis | ||
| 2aa8650 | The best decisions he has made in his life, he said, were completely unexpected, the ones that cut against convention. Then he went even further. He said that every decision he has forced himself to make because it was unexpected has been a good one. | Michael Lewis | ||
| f717286 | That was somewhere near the middle of a modern gold rush. Never before have so many unskilled twenty-four-year-olds made so much money in so little time as we did this decade in New York and London. | Michael Lewis | ||
| 12921f7 | The human mind was just bad at seeing things it did not expect to see, and a bit too eager to see what it expected to see. | Michael Lewis | ||
| 4688c94 | The final two words of his challenge, "no tears", meant that the loser was expected to suffer a great deal of pain, but wasn't entitled to whine, bitch or moan about it. He'd just have to hunker down and keep his poverty to himself." | Michael Lewis | ||
| 19a8c98 | The game has some of the feel of trading, just as jousting has some of the feel of war. | Michael Lewis | ||
| 394295f | Wall Street makes its best producers into managers. The reward for being a good producer is to be made a manager. The best producers are cutthroat, competitive, and often neurotic and paranoid. You turn those people into managers, and they go after each other. They no longer have the outlet for their instincts that producing gave them. They usually aren't well suited to be managers. Half of them get thrown out because they are bad. Another .. | Michael Lewis | ||
| 879a886 | some broker somewhere took out a handsome fee for himself, without necessarily doing much work. | Michael Lewis | ||
| f513a55 | This conceit went hand in glove with the investment bankers' belief that they could control their destiny, which, as we shall see, they couldn't. | Michael Lewis | ||
| 848675e | Why did investment banking pay so many people with so little experience so much money? Answer: When attached to a telephone, they could produce even more money. How could they produce money without experience? Answer: Producing in an investment bank was less a matter of skill and more a matter of intangibles--flair, persistence, and luck. | Michael Lewis | ||
| 449a517 | What was the secret to dealing with the assholes? "Lift weights or learn karate," said O'Grady." | Michael Lewis | ||
| 5e3644a | The larger the number of people involved, the easier it was for them to delude themselves that what they were doing must be smart. | Michael Lewis | ||
| 74af489 | Making profits on Wall Street is a bit like eating the stuffing from a turkey. Some higher authority must first put the stuffing into the turkey. The turkey was stuffed more generously in the 1980s than ever before. | Michael Lewis | ||
| 4ed4cd6 | First, when all investors were doing the same thing, he would actively seek to do the opposite. The word stockbrokers use for this approach is contrarian. Everyone wants to be one, but no one is, for the sad reason that most investors are scared of looking foolish. Investors do not fear losing money as much as they fear solitude, by which I mean taking risks that others avoid. When they are caught losing money alone, they have no excuse for.. | Michael Lewis | ||
| d192cc6 | It said something about the ability of the free marketplace to mold people's behavior into a socially acceptable pattern. For this was capitalism at its most raw, and it was self-destructive. | Michael Lewis | ||
| 35b9a53 | Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer. | bonds business-cycle federal-reserve interest-rates money-supply paul-volcker | Michael Lewis | |
| 7978c20 | Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. | bonds business-cycle federal-reserve interest-rates money-supply paul-volcker wall-street | Michael Lewis | |
| e2aab5d | The difference between Strauss and Ranieri?" says one trader still at Salomon. "That's easy. Strauss wouldn't stoop to use the men's room on the trading floor. He'd go upstairs. Lewie would piss on your desk." | lewie-ranieri salomon-brothers tom-strauss | Michael Lewis | |
| eef2df9 | If you are a self-possessed man with a healthy sense of detachment from your bank account and someone writes you a cheque for tens of millions of dollars you probably behave as if you have won a sweepstake, kicking your feet in the air and laughing yourself to sleep at night at the miracle of your good fortune. But if your sense of self-worth is morbidly wrapped up in your financial success you probably believe you deserve everything you ge.. | Michael Lewis | ||
| 23ed210 | All good inventions come from something personal," she said. "People create things because it's personal." -- | Michael Lewis | ||
| 223dde4 | The rapacity of companies with monopolistic power, and their ability to have their way with the government, got her thinking about the big American systems. | Michael Lewis | ||
| 8b44811 | Fracking--to take one example--was not the brainchild of private-sector research but the fruit of research paid for twenty years ago by the DOE. Yet fracking has collapsed the price of oil and gas and led to American energy independence. Solar and wind technologies are another example. The | Michael Lewis | ||
| 60618c7 | fourth risk: the electrical grid. The river and its tributaries generate more than 40 percent of the hydroelectric power for the United States; were the dams to fail, the effects would be catastrophic. | Michael Lewis | ||
| 21a91eb | As a result of that experience, I do think all Anthropologies should provide a courtesy volcano just outside their dressing rooms so every woman who is revealed as completely inadequate by the lighting can throw herself in rather than contaminate the store staging for any longer than absolutely necessary. | Laurie Notaro | ||
| 5360afd | Be honest with yourself; set the alarm for the time the Real You will get up, not the Ambitious You, because the Ambitious You doesn't really exist. | funny humor life mornings sleep | Laurie Notaro | |
| f118529 | Oh, boy. Now you see what you've done, Monica Lewinsky, you stupid, stupid tart, I thought. Because of you, I have to explain to my Nana, while she's in a hospital bed with an enlarged gallbladder, what oral sex is. Do you see the damage you've caused? Do you see where your sinful path has led? | Laurie Notaro | ||
| e778bb8 | How could I compete with that? Candies and toys! I had string and glue and some very complicated dynamics going on at my station. I mean, when I was assigned to that table, no one happened to mention that it was a simmering hotbed of political unrest concerning the lower case r. A wicked web indeed. | Laurie Notaro | ||
| 1750403 | Newly Found Sugary Spill: Tastes Like Dried Spit or Old Soda | gross similes | Chris Ware | |
| 6fbea1c | The sound of One Lung filling with water drowned out by wave after wave of a million buzzing insects an invisible chorus that only knows how to sing the last letter of the alphabet. | Chris Ware | ||
| a998d7e | Drawing is simply another way of seeing, which we don't really do as adults," says cartoonist Chris Ware. We're all going around in a "cloud of remembrance and anxiety," he says, and the act of drawing helps us live in the moment and concentrate on what's really in front of us." | Austin Kleon | ||
| 9448056 | I mean, if all we are is bundles of energy... what is a 'hug' anyway?... and how can we ever really touch each other? | Chris Ware | ||
| 0b09414 | To my shame, I had never thought to ask anything of the future, and yet woke each and every day embittered because it was never what I needed it to be. | personal-planning sales sales-advice sales-effectiveness sales-training selling success success-in-business success-in-life success-quotes success-self-improvement success-strategies successful-living | Chris Murray | |
| e748e9a | Focusing on Earning the Right will have an incredible effect on the success of every single sales call that you will make from this day on. | business-advice business-quotes business-success influence influence-quotes negotiation sales sales-effectiveness sales-training salesmanship selling selling-skills selling-tips | Chris Murray | |
| baefb46 | If I can make you feel the same way that I feel about my product or service we'll have a meaningful conversation about it and how it can help. The trouble is that most sales people don't feel anything. Nothing at all. | comfort-zone positive-attitude positive-mindset positive-thinking positivity sales sales-advice sales-effectiveness sales-training selling success success-in-business success-in-life success-quotes success-self-improvement success-strategies successful-living time-management | Chris Murray | |
| d333f7b | Speaking from the heart is simple. Listening wholeheartedly, however, is much, much more difficult and most rare. | achievement-and-attitude achievement-gap achievements achieving-dreams achieving-excellence achieving-mastery achieving-success arriving business doing evangelical evangelism evangelistic listening listening-skills listening-to-others moving-forward perseverance personal-planning presentation reputation sales sales-advice sales-effectiveness sales-training selling success success-in-business success-in-life success-quotes success-self-improvement success-strategies successful-living tenacity truth | Chris Murray | |
| eae3f09 | You must have realised by now that when one really cares, really tries to help, the other party recognises the fact and, therefore, easily sees the logic in working together for the greater good, for the mutual benefit of both. | achievement-and-attitude achievement-gap achievements achieving-dreams achieving-excellence achieving-mastery achieving-success arriving business doing evangelical evangelism evangelistic listening listening-skills listening-to-others moving-forward perseverance personal-planning presentation professional-listening reputation sales sales-advice sales-effectiveness sales-training selling success success-in-business success-in-life success-quotes success-self-improvement success-strategies successful-living tenacity truth | Chris Murray | |
| a595b59 | Let us learn things in the time they will take to learn | sales selling success time | Chris Murray | |
| 083ffcc | Make sure everyone, who works with you or for you, feels the need to tell others about the incredible experience. | achievement-and-attitude achievement-gap achievements achieving-dreams achieving-excellence achieving-mastery achieving-success arriving business doing evangelical evangelism evangelistic happiness happiness-quote listening listening-skills listening-to-others moving-forward perseverance personal-planning positive positivity presentation professional-listening reputation sales sales-advice sales-effectiveness sales-training selling success success-in-business success-in-life success-quotes success-self-improvement success-strategies successful-living tenacity truth | Chris Murray |