Like Adam, Formed From Clay,

What Are The Odds That People Will Make Smart Decisions About Money If They Don't Need To Make Smart Decisions--if They Can Get Rich Making Dumb Decisions? The Incentives On Wall Street Were All Wrong; They're Still All Wrong.

It Is The Nature Of Being The General Manager Of A Baseball Team That You Have To Remain On Familiar Terms With People You Are Continually Trying To Screw.

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

The Only Thing History Teaches Us, A Wise Man Once Said, Is That History Doesn’t Teach Us Anything.

The Germans Made Just About Every Bad Investment You Could Have Made In The Last 10 Years. They Invested In Icelandic Banks. They Invested In Greek Government Bonds. They Were Heavy Into Irish Banks, Big Into Irish Banks, And They Bought U.s. Subprime Mortgage Bonds.