“Charlie Ledley—curiously uncertain Charlie Ledley—was odd in his belief that the best way to make money on Wall Street was to seek out whatever it was that Wall Street believed was least likely to happen, and bet on its happening.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
“Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. “It was a fast-buck business,” says Jacobs. “Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people.”
― The Big Short: Inside the Doomsday Machine
― The Big Short: Inside the Doomsday Machine
Susie’s 2025 Year in Books
Take a look at Susie’s Year in Books, including some fun facts about their reading.
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