Want to understand the global financial crisis? Take a look at this Michael Lewis (of Liar Poker and Moneyball fame) piece on Iceland's quick rise to wealth and fall to bankruptcy within a matter of years. While I'm on Michael Lewis, he also had a fascinating piece of the value of Shane Battier, a marginal basketball players on the Houston Rockets.
(Sorry, don't blame me for putting you into a Michael Lewis time suck... blame him)
2 comments:
great article. this part stood out:
"Single men traded less sensibly than married men, and married men traded less sensibly than single women: the less the female presence, the less rational the approach to trading in the markets."
based on the results of an MIT study. ha. too much testosterone =P
btw, NYMag claims none of the details in Mr. Lewis' article are true:
http://nymag.com/daily/intel/2009/03/reality_check_vanity_fairs_fis.html
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