A Quote by Steve Eisman
The single greatest line I ever wrote as an analyst was after Lomas said they were hedged: 'The Lomas Financial Corporation is a perfectly hedged financial institution: it loses money in every conceivable interest rate environment.' I enjoyed writing that sentence more than any sentence I ever wrote.
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Writing is linear and sequential; Sentence B must follow Sentence A, and Sentence C must follow Sentence B, and eventually you get to Sentence Z. The hard part of writing isn't the writing; it's the thinking. You can solve most of your writing problems if you stop after every sentence and ask: What does the reader need to know next?
I remember my wife in white.' It just made people weep to hear it...Everybody just thought it was the saddest sentence that was ever written. And it didn't matter if I never wrote another word. This one sentence had put an end to the need for any future sentences. I had said it all.
When I sat down and wrote the first paragraph, I was like, 'Oh, I can go with this.' I didn't do an outline. I didn't do anything. I just wrote sentence by sentence, not knowing where the story was going.
Men tend to leave their financial adviser at a single-digit-percent rate in any given year. And women leave their husband and their joint financial adviser in the year after their spouse's death at a rate of greater than 70 percent - seven-zero.
I have been recording every single one of my shows since 1994. Every single joke I've ever done is on a hard drive. I can tell you when I wrote every joke I wrote. I can tell you the first time I said it, when I made it different, when I made it better.
My writing became more and more minimalist. In the end, I couldn't write at all. For seven or eight years, I hardly wrote. But then I had a revelation. What if I did the opposite? What if, when a sentence or a scene was bad, I expanded it, and poured in more and more? After I started to do that, I became free in my writing.
The Catholic church is the biggest financial power, wealth accumulator and property owner in existence. She is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe.
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me that the real things you want to hedge are real risks, for example, risks in innovation. The fact is that you'd like companies to be able to take bigger chances. Presumably one obstacle to successful R&D, particularly when the costs are large, are the risks involved.
I've had battles with writers who live in L.A. and were writing southern characters, because they felt like if they wrote 'Sugar' and 'Honey' at the end of every sentence, that would make it southern.
I can still remember the miraculous feeling of writing a sentence, then more sentences, telling a story. The first thing I wrote was a one-page summary of Robinson Crusoe and I am so sorry I do not have it any more; it was at that moment I became an author.
I wrote a lot about Cheney in 'The New Yorker,' but I wrote very little of what I know. The only time I ever mentioned what he ever said at a meeting was when there were many people there who were not insiders, you know, other people not in the government, so my sources would be protected.
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.
Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.
I usually start writing a novel that I then abandon. When I say abandon, I don't think any writer ever abandons anything that they regard as even a half-good sentence. So you recycle. I mean, I can hang on to a sentence for several years and then put it into a book that's completely different from the one it started in.
I wrote a book. It sucked. I wrote nine more books. They sucked, too. Meanwhile, I read every single thing I could find on publishing and writing, went to conferences, joined professional organizations, hooked up with fellow writers in critique groups, and didn't give up. Then I wrote one more book.
A government institution called the Finnish Film Foundation funds filmmaking there, and I wrote several screenplays but never got any money. They were sent back to me, and they said that they were too commercial for them.
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