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Unlike Millstein, the teams from Oaktree and Appaloosa believed there were higher stakes at play. Private equity firms, they believed—best exemplified by Apollo—had become far too abusive of creditors, wielding legal documents and hardball
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“When there wasn’t a speaker, he often organized round robins. One such evening, a woman from Lead and Asbestos Information Center, Inc., had started off by announcing, “There is money to be made on lead,” to a room of landlords who more often lost money trying to abate it. One landlord asked whether he would have to report the presence of asbestos to the city or the tenants if he tested for it. “No, you don’t,” the woman had said.”
― Evicted: Poverty and Profit in the American City
― Evicted: Poverty and Profit in the American City
“Paul S. Kozemchak (1948–2017), DARPA’s longest-serving employee, shared a shocking story with me, in a 2014 interview, that planted a seed for this book. “Guess how many nuclear missiles were detonated during the Cuban Missile Crisis?” he asked, then continued: “I can tell you that the answer is not ‘none.’ The answer is ‘several,’ as in four.” Two by the U.S. (on October 20 and October 26, 1962), and two by the Soviet Union (on October 22 and October 28, 1962), each of which was exploded in space. Firing off nuclear weapons tests in a DEFCON 2 environment was testing fate.”
― Nuclear War: A Scenario
― Nuclear War: A Scenario
“5. Concentrate every minute like a Roman—like a man—on doing what’s in front of you with precise and genuine seriousness, tenderly, willingly, with justice. And on freeing yourself from all other distractions. Yes, you can—if you do everything as if it were the last thing you were doing in your life, and stop being aimless, stop letting your emotions override what your mind tells you, stop being hypocritical, self-centered, irritable. You see how few things you have to do to live a satisfying and reverent life? If you can manage this, that’s all even the gods can ask of you.”
― Meditations
― Meditations
“is true that because of much greater employment the total income from wages and salaries grew from twenty-five billion marks to forty-two billions, an increase of 66 per cent. But income from capital and business rose much more steeply—by 146 per cent. All the propagandists in the Third Reich from Hitler on down were accustomed to rant in their public speeches against the bourgeois and the capitalist and proclaim their solidarity with the worker. But a sober study of the official statistics, which perhaps few Germans bothered to make, revealed that the much maligned capitalists, not the workers, benefited most from Nazi policies.”
― The Rise and Fall of the Third Reich: A History of Nazi Germany
― The Rise and Fall of the Third Reich: A History of Nazi Germany
“To all the millions of discontented Hitler in a whirlwind campaign offered what seemed to them, in their misery, some measure of hope. He would make Germany strong again, refuse to pay reparations, repudiate the Versailles Treaty, stamp out corruption, bring the money barons to heel (especially if they were Jews) and see to it that every German had a job and bread.”
― The Rise and Fall of the Third Reich: A History of Nazi Germany
― The Rise and Fall of the Third Reich: A History of Nazi Germany
Infinite Summer
— 303 members
— last activity Jun 21, 2019 03:36PM
For all those planning to read Infinite Jest this summer starting June 21. Support, encouragement and gentle pushes welcome.
Rob’s 2025 Year in Books
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