The Longer-term The Option, The Sillier The

Managers Tend To Pick A Strategy That Is The Least Likely To Fail, Rather Then To Pick A Strategy That Is Most Efficient," Said Palmer. " The Pain Of Looking Bad Is Worse Than The Gain Of Making The Best Move.

A Credit Default Swap Was Confusing Mainly Because It Wasn't Really A Swap At All. It Was An Insurance Policy, Typically On A Corporate Bond, With Semiannual Premium Payments And A Fixed Term.

We Aren't Natural Statisticians. What We Are Is Natural Storytelling Machines. And So What We Do After We Have The Facts In Hand Is Build A Story To Explain The Facts.

It Is Far Better To Keep The Enemy Close, By Bribing Him With Stock Options, Than To Have Him Out In The Wild, Foraging.

Just Because You've Been Successful And Just Because You've Disrupted An Environment, Doesn't Mean You're A Role Model Or That You Actually Have Anything To Teach Anybody. There's An Awful Lot Of Luck And Accident In The World, And Maybe You Were Just On The Receiving End Of That.