As Idiotic As Optimism Can

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.

Don't Be Deceived By Life's Outcomes. Life's Outcomes, While Not Entirely Random, Have A Huge Amount Of Luck Baked Into Them.

He's A Machine For Competitive Balance, ... Yes, The Money Is In New York. Yes, The Money Is In His Hands. But He Squanders Money. Thank God For It.

The Irish Turned In On Themselves And Bid Up Their Own Land Prices In The Most Extraordinary Ways... The Irish People Stepped In And Guaranteed The Banks, And Committed To Repay Sums They Can't Afford To Repay, And Essentially Committed Themselves To Generations Of Suffering.

If You’ve Got A Dozen Pitchers, You Need To Speak 12 Different Languages.