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"I was just wondering," said Findlay, "if you could tell us what you think has been the key to your success."

This was too much. Had she asked a dry technical question, she might have pulled it off. But even the speaker started to smile. He knew he could abuse the front row as much as he wanted.…

The Japanese were a protected species, and I think they knew it. Their homeland, as a result of its trade surpluses, was accumulating an enormous pile of dollars. A great deal of money could be made shepherding these dollars from Tokyo back into U.S. government bonds and other dollar investments. S…

We were a paradox. We had been hired to deal in a market, to be more shrewd than the next guy, to be, in short, traders. Ask any astute trader and he'll tell you that his best work cuts against the conventional wisdom. Good traders tend to do the unexpected. We, as a group, were painfully predictab…

One of the benevolent hands doing the stuffing belonged to the Federal Reserve. That is ironic, since no one disapproved of the excesses of Wall Street in the 1980s so much as the chairman of the Fed, Paul Volcker. At a rare Saturday press conference, on October 6, 1 1979, Volcker announced that th…

[...] Investment bankers had a technique known as the stress interview. If you were invited to Lehman's New York offices, your first interview might begin with the interviewer asking you to open the window. You were on the forty-third floor overlooking Water Street. The window was sealed shut. That…