What does traders do- from Bon fire of vanities amazing piece

How We Value the Super-Rich - Wall Street vs. Silicon Valley - NYTimes.com

In Tom Wolfe’s “Bonfire of the Vanities,” the investment banker Sherman McCoy attempts to explain his Wall Street job to his daughter. His wife chimes in:

“Darling,” said Judy, “Daddy doesn’t build roads or hospitals, and he doesn’t help people build them, but he does handle the bonds for the people who raise the money.”

“Bonds?”

“Yes. Just imagine that a bond is a slice of cake, and you didn’t bake the cake, but every time you hand somebody a slice of the cake a tiny little bit comes off, like a little crumb, and you can keep that.”

Being different is important than being First.

Forget Being First… Just Be Different : Brad Maier

Forget Being First… Just Be Different

Bloomberg Vanity Fair Interview

Proust Questionnaire: Michael Bloomberg: Entertainment & Culture: vanityfair.com

What do you most value in your friends?
Honesty. Loyalty. And, of course, sincerity. (If you can fake that, you’ve got it made.)

Buffet on saving sex for old age and keeping money

Bloomberg.com: Worldwide

``It's nice to have a lot of money, but you know, you don't want to keep it around forever,'' Buffett said. ``I prefer buying things. Otherwise, it's a little like saving sex for your old age.''

Five biggest mistakes of Entrepreneurs - Stanford University Jerry Kaplan

Stanford's Entrepreneurship Corner: Jerry Kaplan, Winster - Five Biggest Mistakes That Entrepreneurs Make

Jerry Kaplan, serial entrepreneur, executive, technical innovator, and author, elaborates on the five biggest mistakes that entrepreneurs make:
1) Having unclear goals and an unclear mission
2) Trying to prove that they are smart
3) Greed - doing it for money.
4) Hiring people that they like rather than people that they need.
5) Not knowing when to let go.

Dont Blab..by P. T. Barnum

ART OF MONEY GETTING

Say nothing about your profits, your hopes, your expectations, your intentions. And this should apply to letters as well as to conversation

Why did the Treasury and Fed let Lehman fail but rescue Bear Stearns, Fannie Mae, Freddie Mac, and A.I.G.? IG

I have been asked this questions so many times during the past week. This is the closest
I can find for an answer if any. Please read the interview and it definitely touch upon
many interesting areas. 

Diamond and Kashyap on the Recent Financial Upheavals - Freakonomics - Opinion - New York Times Blog

3) Why did the Treasury and Fed let Lehman fail but rescue Bear Stearns, Fannie Mae, Freddie Mac, and A.I.G.?

Hedge Fund Manager interview - Paradigm shift.

Interview With a Hedge Fund Manager | n+1

Future of Investment Banking.

Is there a future for investment banking?

Investment banking
Is there a future?

Seth Godin and startups

Hacker News

8 Startup Insights Inspired By The Mega Mind of Seth Godin (onstartups.com)
27 points by adityakothadiya 21 hours ago | 8 comments

Not every ones fav: I like this Guy Mark Cuban

Mark Cuban: “When I die, I want to come back as me”

Mark Cuban: “When I die, I want to come back as me”

Read his interview. JC and MC have an amazing chemistry between them.

I met JC couple of times, waiting to meet Mark Cuban. It wont take much time.

25 inspiring quotes

25 Inspiring Quotes For Business & Life | Nerd Business Blog

Time is like money, the less we have of it to spare the further we make it go.