More on this book
Community
Kindle Notes & Highlights
Open source was an idea that depended on collaboration and sharing, and Serge had a long history of contributing to it. He didn’t fully understand how Goldman could think it was okay to benefit so greatly from the work of others and then behave so selfishly toward them.
“It’s hard to be forward-thinking when the whole of corporate America is about the next quarter’s earnings,
“Shining a light creates shadows,
In the interest of clarity, they’d hoped to preserve the full name, but they discovered a problem doing so when they set out to create an Internet address: investorsexchange.com. To avoid that confusion, they created another.
if for no other reason than that it is harder to rip off a person when you actually need to see him, face to face.
The restaurant was one of those old-school Wall Street places that charge you a thousand bucks for a private room and then more or less challenge you to eat your way back to even. Food and drink arrived in massive quantities: vast platters of lobster and crab, steaks the size of desktop computer screens, smoking mountains of potatoes and spinach. It was the sort of meal cooked decades ago, for traders who spent their days trusting their gut and their nights rewarding it; but
That money is a tax on investment, paid for by the economy; and the more that productive enterprise must pay for capital, the less productive enterprise there will be.
The more money to be made gaming the financial markets, the more people would decide they were put on earth to game the financial markets—and create romantic narratives to explain to themselves why a life spent gaming the financial markets is a purposeful life. And then there is maybe the greatest cost of all: Once very smart people are paid huge sums of money to exploit the flaws in the financial system, they have the spectacularly destructive incentive to screw the system up further, or to remain silent as they watch it being screwed up by others.
tower. On it was a Federal Communications Commission license number: 1215095.
Many mornings her enthusiasm got me out of my bed, and many evenings her diligence prevented me from getting back into it.
Bradley Katsuyama,
