American - Journalist | 1974 -
Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
Charles Duhigg
MeBondInsuranceCreditLongYou
Hank Paulson, the happy capitalist warrior who spent his life pursuing and defending free markets, is now the biggest interventionist Treasury secretary we've had since the Great Depression.
LifeGreatDepressionHappyFree
For Aristotle, habits reigned supreme. The behaviors that occur unthinkingly are the evidence of our truest selves.
EvidenceHabitsSupremeOurTruest
Like solo sailors venturing into the Southern Ocean, climbers are seduced by risk. The desire to push to a summit or scale a rock face is so strong that they consciously or subconsciously minimize safety precautions drilled into their brains.
OceanSafetyFaceStrongPushRock
Since the 17th century, insurance agents have been the foremost experts on risk.
InsuranceRiskCenturyBeenExperts
In 1688, Edward Lloyd opened a coffeehouse on London's seafront popular among underwriters, men in powdered wigs with mathematical minds and steely constitutions who offered to compensate owners if their boats were lost at sea.
SeaMenLostLondonMindsWho
Merrill Lynch is this hugely prestigious brand.
BrandPrestigiousHugely
Bank of America is the story of some of the most ambitious, aggressive bank builders on the face of the planet.
StoryFaceAmericaAggressiveBank
Someone once described Ken Lewis to me as the most competitive person in the history of the United States, including the Union Army.
HistoryMeArmySomeonePersonMost
The waste from power plants is essentially what is left over when you burn coal. And as we all know, coal is a relatively dirty mineral.
PowerPlantsYouDirtyKnowBurn
Actually, attorneys say, copying a purchased CD for even one friend violates the federal copyright code most of the time.
FriendTimeSayCopyrightCodeEven
Some say because music is as much about personal expression as listening pleasure, sharing is integral to why songs have value in the first place.
MusicValueListeningPlacePersonal
Copyright © 2024 QuotesDict Charles Duhigg quotes