market

“Philanthropy is really that, like, last line of defense, as it were, where you've both got a kind of market failing and democratic failing, and I think that applies for people in very poor countries who, you know, they don't get a vote over who's U.S. Presiden…”

“Parabolic moves, you see, you don't see them often in markets. You see them more often on the decline than on the rise.”

“You know, I believe in, sort of, incentives and environments and markets always trump, you know, anything one individual or company can do.”

“So let's say I'm continually saying yes to a bunch of stuff on the first book. There's a five percent, you know, decrease in quality. And then the next book, there's a 10% decrease in quality. And the next one, there's a 15%. Now I've significantly fallen off.…”

“It can happen a different way where the only feedback I get is from a boss. The boss is telling me what they think is important. That is not what the customer cares about. It's not what the market cares about. And so I'm actually serving the wrong master, so t…”

“The markets are never efficient. In fact, very seldom do they ever trade at the actual value of securities. Either, most of the time, they trade above or below. Very seldom do they trade at the value.”