Friday, March 19, 2010

Tolstoy on Financial Markets (?) ...

The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him.

-Leo Tolstoy, 1897
Cited by Micheal Lewis in The Big Short (2010)