Random Analogies
"Both the police service and any orchestra is managed top down. Police value a chain of command but so too do orchestras. The Conductor is like God and what he (usually a he) says goes and then the Concertmaster interprets this message and then the Section Leaders lead their sections accordingly"
"Appendix is like a final safe haven for gut bacteria. So if you get a stomach or intestine infection the good bacteria can be replenished from the appendix. It has such a high bacteria content because it's former use was helping in the digestion of cellulose which is quite tough to digest."
"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."
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"No One Would Listen: A True Financial Thriller"
