Wall Street Is Not Being

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.

The Lesson Of Buffett Was: To Succeed In A Spectacular Fashion You Had To Be Spectacularly Unusual.

The Pleasure Of Rooting For Goliath Is That You Can Expect To Win. The Pleasure Of Rooting For David Is That, While You Don’t Know What To Expect, You Stand At Least A Chance Of Being Inspired.

People Really Don't Like To Hear Success Explained Away As Luck — Especially Successful People. As They Age, And Succeed, People Feel Their Success Was Somehow Inevitable. They Don't Want To Acknowledge The Role Played By Accident In Their Lives. There Is A Reason For This: The World Does Not Want To Acknowledge It Either. If You Use Better Data, You Can Find Better Values; There Are Always Market Inefficiencies To Exploit, And So On. But It Has A Broader And Less Practical Message: Don't Be Deceived By Life's Outcomes. Life's Outcomes, While Not Entirely Random, Have A Huge Amount Of Luck Baked Into Them. Above All, Recognize That If You Have Had Success, You Have Also Had Luck — And With Luck Comes Obligation.

Jacks Are Home Runs. So Are Dongs, Bombs, And Big Flies. Baseball People Express Their Fondness For A Thing By Thinking Up Lots Of Different Ways To Say It.