Good Morning Mlm Quotes & Sayings

A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term. For instance, you might pay $200,000 a year to buy a ten-year credit default swap on $100 million in General Electric bonds. The most you could lose was $2 million: $200,000 a year for ten years. The most you could make was $100 million, if General Electric defaulted on its debt any time in the next ten years and bondholders recovered nothing. It was a zero-sum bet: If you made $100 million, the guy who had sold you the credit default swap lost $100 million. It was also an asymmetric bet, like laying down money on a number in roulette. The most you could lose were the chips you put on the table; but if your number came up you made thirty, forty, even fifty times your money. — Michael Lewis

All good art is seditious, but the people in authority can never recognise it. I think when you mention sedition, artists are the ones whose eyes light up thinking, 'Oh, yes, I want some of that!' — Michael Leunig

Poor Earthworm,' the Ladybird said, whispering in James's ear. 'He loves to make everything into a disaster. He hates to be happy. He is only happy when he is gloomy. — Roald Dahl

If somebody gave you several thousand dollars and nothin' to do but write, would you be a writer then? Would you tell your stories, your family's stories, then? — Dorothy Allison

Nothing in the world can take the place of persistence. — Calvin Coolidge