Money and Finance
- The Moral Power Of Curiosity – By David Brooks
Link to article: The Moral Power of CuriosityMost of us have at one time or another felt ourselves in the grip of the explanatory drive. You’re confronted by some puzzle, confusion or mystery. Your inability to come up with an answer gnaws at you. You’re...
- Michael Lewis In Conversation With Malcolm Gladwell At Live Talks Los Angeles
Video from a Live Talks Los Angeles event with Michael Lewis in conversation with Malcolm Gladwell held on April 10, 2014. The occasion was the release of Michael Lewis' book, "Flash Boys: A Wall Street Revolt." Link to video ............... Related...
- Michael Lewis On Charlie Rose
Link to: Michael Lewis on Charlie Rose …………….. Related previous post: Obama’s Way – By Michael Lewis ...
- Daniel Kahneman Comment On "the Big Short"
From the 2011 LMCM Thought Leader Forum: "Look, every success story after the fact makes sense, that's the problem. There's something I'd like to add about hindsight, just to strengthen the point. It's something that many of us are thinking...
- Weekly Roundup - June 29, 2014
I can't believe that we're almost half way done with 2014. Time is just flying by although that just continues to reinforce my desire to reach financial independence. This past week was awesome though as we finished up the well we were on...
Money and Finance
Michael Lewis' 1999 Article on LTCM: How the Eggheads Cracked
A lot of unusual things have happened in the four months since Long-Term Capital Management announced that it lost more than $4 billion in a bizarre six-week financial panic late last summer, but nothing nearly so unusual as what hasn't happened. None of the 180 employees of the hedge fund have stood up to explain, to fess up or to excuse themselves from the table. Even the two Nobel Laureates on staff, who could very easily have slipped back into their caps and gowns in the dead of night and pretended none of this ever happened, have stayed and worked, quietly. The man in charge, John Meriwether, has shown a genius for lying low. Photographers in helicopters circle his house, and journalists bang on his front door at odd hours and frighten his wife. Yet whenever the question ''Who is John Meriwether?'' has demanded an answer, it has been supplied not by those who know him and work with him but by a self-appointed cast of casual acquaintances and perfect strangers. They have described Meriwether and his colleagues as reliable Wall Street stereotypes: the overreaching, self-deluded speculators. In doing so they have missed pretty much everything interesting about them.
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Related previous post: Michael Lewis on Charlie Rose
- The Moral Power Of Curiosity – By David Brooks
Link to article: The Moral Power of CuriosityMost of us have at one time or another felt ourselves in the grip of the explanatory drive. You’re confronted by some puzzle, confusion or mystery. Your inability to come up with an answer gnaws at you. You’re...
- Michael Lewis In Conversation With Malcolm Gladwell At Live Talks Los Angeles
Video from a Live Talks Los Angeles event with Michael Lewis in conversation with Malcolm Gladwell held on April 10, 2014. The occasion was the release of Michael Lewis' book, "Flash Boys: A Wall Street Revolt." Link to video ............... Related...
- Michael Lewis On Charlie Rose
Link to: Michael Lewis on Charlie Rose …………….. Related previous post: Obama’s Way – By Michael Lewis ...
- Daniel Kahneman Comment On "the Big Short"
From the 2011 LMCM Thought Leader Forum: "Look, every success story after the fact makes sense, that's the problem. There's something I'd like to add about hindsight, just to strengthen the point. It's something that many of us are thinking...
- Weekly Roundup - June 29, 2014
I can't believe that we're almost half way done with 2014. Time is just flying by although that just continues to reinforce my desire to reach financial independence. This past week was awesome though as we finished up the well we were on...