The paradox of Steve Jobs's career is that he had no interest in listening to consumers - he was famously dismissive of market research - yet nonetheless had an amazing sense of what consumers actually wanted.

On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.

If being the biggest company was a guarantee of success, we'd all be using IBM computers and driving GM cars.

The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.

Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.

In the business world, bad news is usually good news - for somebody else.

No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.