"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."

--

Source : Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.46, W. W. Norton & Company

Michael Lewis

#Confusing Quotes #Credit Quotes #Premium Quotes

“Capitalism's biggest political enemies are not the firebrand trade unionists spewing vitriol against the system but the executives in pin-striped suits extolling the virtues of competitive markets with every breath while attempting to extinguish them with every action.”

Source : Raghuram Rajan (2013). “Saving Capitalism From The Capitalism”, p.212, HarperCollins Publishers India
“I haven't been the kind of writer about whom book-length academic studies have been written.”
“I was not allowed to be an individual. I was black and I was a woman - and I was a black woman.”
“I wanted to make a comment on the obsession with success and failure that we see a lot in America.”
“Fathering makes a man, whatever his standing in the eyes of the world, feel strong and good and important, just as he makes his child feel loved and valued.”
“Can I believe in that God too?”
“He is the best physician who is the most ingenious inspirer of hope.”

Source : Samuel Taylor Coleridge (2013). “Delphi Complete Works of Samuel Taylor Coleridge (Illustrated)”, p.3340, Delphi Classics
“Man is a little germ that lives on an unimportant rock ball that revolves about a small star at the outskirts of an ordinary galaxy. ... I am absolutely amazed to discover myself on this rock ball rotating around a spherical fire. It's a very odd situation. And the more I look at things I cannot get rid of the feeling that existence is quite weird.”

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