Sublime

A key idea is that because we can’t be certain of the financial standing of other people, a good way to size up their means is to see whether they can afford to waste money on goods and leisure.

When it comes to spending, trusting our past decisions contributes to the problems of anchoring, herding, and arbitrary coherence. So we should question seemingly “random” numbers, prominently placed MSRPs, and insanely high-priced products. When we see a $2,000 shoe or a $150 sandwich, watch out for the second-most-expensive shoe or sandwich or sh

If anyone knows about having a lot on the line, it’s Jordan Walters of the Silicon Valley branch of the investment house Smith Barney. Jordan is exactly the kind of person you’d look for in a financial planner: he’s calm, he’s thoughtful, and he always takes the time to listen. As we sat down in his office and sipped from the minibar-sized can of a

Avoid the extreme ends of financial decisions. Everyone’s

No trader or investor wanted to poke around suburbs to find out whether the homeowners to whom he had just lent money was creditworthy.

The referrers are focused on excellent service with no mistakes.

In the middle was John Paulson. At the top was Steve Eisman.

Heller manages the art collections of six Wall Street money managers, several of whom are billionaires.