Money and Finance
- Links
Michael Lewis on what execs and elites often overlook (video) [H/T Linc] (LINK) The moral problem, such as it is, on Wall Street isn’t that people are kind of looking to do bad things. That’s not at all what people are doing. I think they would rather...
- Michael Lewis On Charlie Rose
Link to interview: Michael Lewis on Charlie Rose ……………. Related book: Flash Boys: A Wall Street Revolt ...
- Michael Lewis On 60 Minutes
This segment relates to Michael Lewis’ new book, which is out today, Flash Boys: A Wall Street Revolt. Link to segment: Is the U.S. stock market rigged?Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work...
- Wired Interview With Barry Schwartz
LONG BEACH, California -- Psychologist Barry Schwartz delivers the final presentation of TED 2009 on Saturday. Wired.com spoke to Schwartz about practical wisdom, moral skill without moral will, and the roles of hope and virtue. Wired: You call practical...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...
Money and Finance
The Moral Power of Curiosity – by David Brooks
Link to article: The Moral Power of Curiosity
Most 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 up at night, turning the problem over in your mind. Then, suddenly: clarity. The pieces click into place. There’s a jolt of pure satisfaction.We’re all familiar with this drive, but I wasn’t really conscious of the moral force of this longing until I read Michael Lewis’s book, “Flash Boys.”As you’re probably aware, this book is about how a small number of Wall Street-types figured out that the stock markets were rigged by high-frequency traders who used complex technologies to give themselves a head start on everybody else. It’s nominally a book about finance, but it’s really a morality tale. The core question Lewis forces us to ask is: Why did some people do the right thing while most of their peers did not?The answer, I think, is that most people on Wall Street are primarily motivated to make money, but a few people are primarily motivated by an intense desire to figure stuff out.…..These people are content to possess information, but they don’t seek knowledge. Information is what you need to make money short term. Knowledge is the deeper understanding of how things work. It’s obtained only by long and inefficient study. It’s gained by those who set aside the profit motive and instead possess an intrinsic desire just to know.
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Related book: Flash Boys
Related previous post: Michael Lewis in conversation with Malcolm Gladwell at Live Talks Los Angeles
[H/T Dan]
- Links
Michael Lewis on what execs and elites often overlook (video) [H/T Linc] (LINK) The moral problem, such as it is, on Wall Street isn’t that people are kind of looking to do bad things. That’s not at all what people are doing. I think they would rather...
- Michael Lewis On Charlie Rose
Link to interview: Michael Lewis on Charlie Rose ……………. Related book: Flash Boys: A Wall Street Revolt ...
- Michael Lewis On 60 Minutes
This segment relates to Michael Lewis’ new book, which is out today, Flash Boys: A Wall Street Revolt. Link to segment: Is the U.S. stock market rigged?Steve Kroft reports on a new book from Michael Lewis that reveals how some high-speed traders work...
- Wired Interview With Barry Schwartz
LONG BEACH, California -- Psychologist Barry Schwartz delivers the final presentation of TED 2009 on Saturday. Wired.com spoke to Schwartz about practical wisdom, moral skill without moral will, and the roles of hope and virtue. Wired: You call practical...
- Hft Drama Versus Dramatically Lower Costs
Michael Lewis launched his HFT book, did Sixty Minutes on Sunday, and here we are on Wednesday and HFT is still dominating the news cycle. Whatever you think of HFT, Lewis has already won. In our ADHD society, that we are still talking about his book...