People in the voting booth are not purely rational creatures any more than they're purely rational creatures outside the voting booth.

A vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing their clients' money on to people who, as a whole, cannot possibly outperform the market.

A banking system is an act of faith: it survives only for as long as people believe it will.

What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.

They [some countries] borrowed money to go acquire things, Indian power plants and Danish newspapers and British soccer teams. And they did it willy-nilly, and they themselves a story, that Icelandic history and culture and DNA leaves us very well-suited to being investment bankers.

That's what happens when you're thirty-seven years old: you do the things you always did but the result is somehow different.

The thing I'm most afraid of is what happens when these people who voted for Donald Trump realize he's not going to do anything for them and that he's not an antidote to what ails them. His whole movement runs on anger, and if it doesn't have anger, it doesn't go anywhere.