Sublime

Everywhere we probed a little deeper, we found the core institutions of private law: contract, property, collateral, trust, corporate, and bankruptcy law.

relationship of earnings and stock prices—the correlation’s very low.

New is overvalued relative to great.

Third, this constant and pointless demand for financialization will create political and business opportunities to better facilitate it.

Anthony Drexel, of the long-established Philadelphia banking family, changing the firm to Drexel, Morgan & Co., with the older man again named first.

Look, sometimes you have to make quick decisions. You can’t just have humans make them; you have to combine human and machine methods.”