When An American Declares Bankruptcy, When He

Some Coaches Believed They Could Judge A Player's Performance Simply By Watching It. In This They Were Deeply Mistaken. The Naked Eye Was An Inadequate Tool For Learning What You Needed To Know To Evaluate Baseball Players And Baseball Games. Think About It. One Absolutely Cannot Tell, By Watching, The Difference Between A .300 Hitter And A .275 Hitter. The Difference Is One Hit Every Two Weeks. The Difference Between A Good Hitter And An Average Hitter Is Simply Not Visible-it Is A Matter Of Record

The Idea That It's Smart To Allow Wall Street Firms, With This "too Big To Fail" Imprimatur, To Become Hedge Funds Again - It's Unconscionable. You're Essentially Saying We're Going To Take Some Elites In Our Society And Let Them Roll The Bones In The Marketplace, And If It Works Out They Get Rich, And If It Doesn't Work Out The Taxpayer Comes In Again. That Seems Absolutely Crazy To Me. That Seems To Be Where They're Headed. I Mean, Maybe They're Not And I'm Wrong. Maybe They'll Do Sensible Things. It's Hard To Know! There Doesn't Seem To Be A Plan.

I'd Stumbled Into A Job At Salomon Brothers In 1985, And Stumbled Out, Richer, In 1988, And Even Though I Wrote A Book About The Experience, The Whole Thing Still Strikes Me Me As Totally Preposterous-which Is One Reason The Money Was So Easy To Walk Away From.

Warren Buffett Is Fond Of Saying That Any Player Unaware Of The Fool In The Market Probably Is The Fool In The Market.

Baseball Is This Intense Subculture That Actually Doesn't Speak Very Much For The Larger Culture.