Random Analogies
"Consider yourself blessed if your barber understands and delivers. A barber is like a best friend, once you find a good one, you stick to them. My barber was passionate. He made sure that I was pleased with the outcome and he didn't disappoint. You find people loving what they do everywhere; usually in places where we never look. "
"What should have been obvious to me was that there is a tremendous mismatch in skills between the SEC regulators and the people they are supposed to be regulating. The quants who create these financial products understand differential equations and nonnormal statist-ics; they program in languages the SEC doesn't speak; they run statistical packages the SEC doesn't even know exist. The quants are busy data mining with supercomputers while the SEC is still panning by hand. I suspect SEC attorneys like Grant Ward are probably well- intentioned. I'm sure they want to do a good job, but they never should have been put in their positions. Sending lawyers to oversee capital markets professionals is like sending chickens to chase foxes; it just doesn't work, because there's an unbridgeable skills gap between the two. It would be akin to asking me to argue a case in front of the Supreme Court."
page 278
"No One Would Listen: A True Financial Thriller"

