In Japan, Mothers Insist On

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.

I Thought Instead Of A Good Rule For Survival On Wall Street: Never Agree To Anything Proposed On Someone Else's Boat Or You'll Regret In In The Morning.

We Have The Google Family Calendar. Before A Week Starts, My Wife And I Sit Down To Decide Who's Driving Who To School Or When Can We Go Out On A Date.

The Institutions At The Centre Of Capitalism Are Bigger Than They've Ever Been, The Pay Is Much Greater, The Ability Of Society To Get Its Arms Around It Is Much Less. The Political Clout Of The Financial Class Is Unbelievable. I'd Say The Story Is Darker Than When I Was There. When I Was There It Felt Like A Comedy - And Now It Feels More Like A Tragedy.

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.