
“You invest in companies with great long-term prospects.”
Part I, Raising Funds, H & Screw Conference, p. 21.
Running Money (2004) First Edition
Part I, Raising Funds, Hedgies, p. 27.
Running Money (2004) First Edition
“You invest in companies with great long-term prospects.”
Part I, Raising Funds, H & Screw Conference, p. 21.
Running Money (2004) First Edition
Robert Shiller. Chalk Talk - Covariance, Financial Markets (Coursera) https://www.coursera.org/learn/financial-markets-global/lecture/41Ujc/chalk-talk-covariance.
“It was investing when you know something no one else knows.”
Part II, Revolution, Object Lesson, p. 63.
Running Money (2004) First Edition
Context: But someone knew and made a killing. It was investing when you know something no one else knows.
Edie : American Girl (1982)
Context: Everything that happened to me has been a paradox for life. The very things that I should have done would have been the trap. The very things I might have given into, that demanded, that said, this is your life. I mean, this is your only way to survive, are the things I found hardest to end. 'Cause I believed in something else. You have to work like mad to make people understand... Even if I don't make it, you know, I really insist on believing, and then I fall off the edge because there's nobody else to follow it. And I would just fall off the edge.
Part IV, Intellectual Property, The Yen-Scary Trade, p. 165.
Running Money (2004) First Edition
1960s, Hell's Angels: The Strange and Terrible Saga of the Outlaw Motorcycle Gangs (1966)
Source: Hell's Angels: A Strange and Terrible Saga
Context: The Edge... There is no honest way to explain it because the only people who really know where it is are the ones who have gone over. The others- the living- are those who pushed their luck as far as they felt they could handle it, and then pulled back, or slowed down, or did whatever they had to when it came time to choose between Now and Later.
Context: But with the throttle screwed on, there is only the barest margin, and no room at all for mistakes. It has to be done right... and that's when the strange music starts, when you stretch your luck so far that fear becomes exhilaration and vibrates along your arms. You can barely see at a hundred; the tears blow back so fast that they vaporize before they get to your ears. The only sounds are the wind and a dull roar floating back from the mufflers. You watch the white line and try to lean with it... howling through a turn to the right, then to the left, and down the long hill to Pacifica... letting off now, watching for cops, but only until the next dark stretch and another few seconds on the edge... The Edge... There is no honest way to explain it because the only people who really know where it is are the ones who have gone over. The others- the living- are those who pushed their luck as far as they felt they could handle it, and then pulled back, or slowed down, or did whatever they had to when it came time to choose between Now and Later. But the edge is still Out there. Or maybe it's In. The association of motorcycles with LSD is no accident of publicity. They are both a means to an end, to the place of definitions.