What Are The Odds That

Yet Another Hedge Fund Manager Explained Icelandic Banking To Me This Way: You Have A Dog, And I Have A Cat. We Agree That Each Is Worth A Billion Dollars. You Sell Me The Dog For A Billion, And I Sell You The Cat For A Billion. Now We Are No Longer Pet Owners But Icelandic Banks, With A Billion Dollars In New Assets.

Each Firm Held Its Rope; One By One, They Realized That No Matter How Strongly They Pulled, The Balloon Would Eventually Lift Them Off Their Feet.

Every Form Of Strength Is Also A Form Of Weakness.

I Don't Think There Is A National Pasttime. Watching Tv Is A National Pasttime. Really. If There Is A National Pasttime, It Is Watching Tv.

In Wall Street Now, You Have To Hide What You're Doing. It's More Fun When You Don't Have To Do That. But I Don't Think Its Sense Of Purpose Has Changed At All.