Sublime

One way of seeing the power of finance is to look at the salary of the head of that function. But another would be to look at who, besides the CEO, is the insider most likely to serve on a company’s board of directors.

completely portable,

Dennis figured out how to profit in the real world from an understanding of behavioral finance decades before Nobel prizes were handed out to professors preaching theory.

If the lawyers are unwilling to agree to a modest fee cap, you should question whether they know what they are doing.

“Before he left Jane Street, he said with a high level of confidence, ‘I could make a billion dollars.’ And I said, ‘You’re not going to make a billion dollars.’ ” ‡

The monopoly-for-loan idea certainly was ingenious.

Let’s suppose that the cost to the bank of maintaining a checking account is $100 per year, and a competitor comes in and offers “Checking account for just $100 and No Hidden Fees.” Who is going to win this battle?

huge markets are highly competitive,