Each Firm Held Its Rope;

People Were Paid Lots Of Money To Make Stupid Decisions, People In Big Banks, And When People Are Paid To Be Stupid They'll Be Stupid. The Question Was, Did They Know They Were Being Stupid Or Were They Just Stupid? I Think You Need To Take It On A Case By Case Basis. There Was Some Sinister Activity, But I Think By And By It Was People Being Incentivised To Do The Wrong Thing.

There's A Certain Status To Suffering In Ireland, That The Person Who - If You're Sitting Around A Table, The Person With The Greatest Status Is The Person Who Had The Most Horrible Thing Happen To Them Most Recently.

He Was Blessed With An Unconventional Mind, Which Overcame His Conventional Middle-class Upbringing.

One Absolutely Cannot Tell, By Watching, The Difference Between A .300 Hitter And A .275 Hitter. The Difference Is One Hit Every Two Weeks.

Looking Into It A Bit, Jamie Found That The Model Used By Wall Street To Price Leaps, The Black-scholes Option Pricing Model, Made Some Strange Assumptions.