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A society with deep, troubling economic problems had rigged itself to disguise those problems, and the chief beneficiaries of the deceit were its financial middlemen.
Michael Lewis • The Big Short: Inside the Doomsday Machine
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Tod
@tod
there couldn’t be many other cases in human history of a person his age tossing around dollars in the amounts he was tossing them without much adult supervision, or the usual constraints of corporate life. A board of directors, for instance. “It’s unclear if we even have to have an actual board of directors,” said Sam, “but we get suspicious glance
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Vanguard’s Former OCIO Clients Must Stand Their Ground | CFA Institute Enterprising Investor
Mark J. Higgins, CFA, CFP • Vanguard’s Former OCIO Clients Must Stand Their Ground
Bobby Tromm
@btromm
- At the height of Lorenzo’s borrowing, the cash that Lorenzo laid out in interest alone—more than $600 million a year—exceeded the annual sales for nearly 100 members of the Fortune 500. Alas for him, Lorenzo’s size also made him more visible, and more inviting, as a target.
Thomas Petzinger Jr. • Hard Landing: The Epic Contest for Power and Profits That Plunged the Airlines into Chaos
don’t ignore dinosaur-model industry associations.