Quotes from More Money Than God: Hedge Funds and the Making of a New Elite

496 pages

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“Years later, (Paul) Jones described the mental gymnastics that went into writing these scripts. "Every evening I would close my eyes in a quiet place in my apartment ... I would visualize the opening and walk myself through the day and imagine the different emotional states the market would go through... Then when you get there, you are ready for it. You have been there before. You are in a mental state to take advantage of emotional extremes because you have already lived through them.”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite


“He read Adam Smith, Thomas Hobbes, and Niccolò Machiavelli.”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite


“He commuted to his Canadian office in a Ferrari, though sometimes snowy conditions forced him to use Bentley.”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite


“All new markets are inefficient at first,”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite


“Capitalism works only when institutions are forced to absorb the consequences of the risks that they take on.”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite



“Edward Crosby Johnson II, who in the 1950s established Fidelity as a dominant investment firm and made the same point in his own way: “The market is like a beautiful woman—endlessly fascinating, endlessly complex, always changing, always mystifying. I have been absorbed and immersed since 1924 and I know this is no science. It is an art…. It is personal intuition.”
― quote from More Money Than God: Hedge Funds and the Making of a New Elite


Popular quotes

“Lord Orville seemed by no means to think the Captain worthy an argument, upon a subject concerning which he had neither knowledge nor feeling.”
― Fanny Burney, quote from Evelina


“Thousands of graveyards were parked in rows like cars.”
― Richard Brautigan, quote from Trout Fishing in America / The Pill vs. the Springhill Mine Disaster / In Watermelon Sugar


“But he could not go up to the room as yet, and seating himself on a stone step, his head on his arms, he wept silently. Years had passed since he had shed tears, or so it seemed. Surely years since he had let them flow so copiously. And what stopped him finally was that he could hear his own crying.”
― Anne Rice, quote from Cry to Heaven


“The weather had freshened almost to coldness, for the wind was coming more easterly, from the chilly currents between Tristan and the Cape; the sloth was amazed by the change; it shunned the deck and spent its time below. Jack was in his cabin, pricking the chart with less satisfaction than he could have wished: progress, slow, serious trouble with the mainmast-- unaccountable headwinds by night-- and sipping a glass of grog; Stephen was in the mizentop, teaching Bonden to write and scanning the sea for his first albatross. The sloth sneezed, and looking up, Jack caught its gaze fixed upon him; its inverted face had an expression of anxiety and concern. 'Try a piece of this, old cock,' he said, dipping his cake in the grog and proffering the sop. 'It might put a little heart into you.' The sloth sighed, closed its eyes, but gently absorbed the piece, and sighed again.

Some minutes later he felt a touch upon his knee: the sloth had silently climbed down and it was standing there, its beady eyes looking up into his face, bright with expectation. More cake, more grog: growing confidence and esteem. After this, as soon as the drum had beat the retreat, the sloth would meet him, hurrying toward the door on its uneven legs: it was given its own bowl, and it would grip it with its claws, lowering its round face into it and pursing its lips to drink (its tongue was too short to lap). Sometimes it went to sleep in this position, bowed over the emptiness.

'In this bucket,' said Stephen, walking into the cabin, 'in this small half-bucket, now, I have the population of Dublin, London, and Paris combined: these animalculae-- what is the matter with the sloth?' It was curled on Jack's knee, breathing heavily: its bowl and Jack's glass stood empty on the table. Stephen picked it up, peered into its affable bleary face, shook it, and hung it upon its rope. It seized hold with one fore and one hind foot, letting the others dangle limp, and went to sleep.

Stephen looked sharply round, saw the decanter, smelt to the sloth, and cried, 'Jack, you have debauched my sloth.”
― Patrick O'Brian, quote from H.M.S. Surprise


“That's not the end of the world! This is the time to cut loose! To really learn about everything! To learn about guys, to really get to know them! Really find out what goes on in the world! You just have to let yourself fly for once, without constantly thinking about what you left behind on the ground! You're a genius. Everybody knows that. I'm being sincere, Charlotte. Totally. Now there's other things to learn, and this is the perfect time to do it. Take a chance! That's one reason people go to college! It's not the only reason, but it's a big reason.”
― Tom Wolfe, quote from I am Charlotte Simmons


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