On my trip across the country last summer -- having fled the news desk for a life of promoting kale, veterans, and kale-growing veterans -- I carried what I fervently believe to be a very important book, Nassim Nicholas Taleb's Antifragile.
I believe every person has the ability to lead. Everyone has something to offer. What makes this person rise and 'be known' is the formation of a perfect storm of favorable circumstances, a window of opportunity, the right time and place, and let's not forget: luck.
Traditional banking is a difficult, commoditized service business, shorn of products that make fat profits. That's the reality that no one ever speaks of when they cry out to revive Glass-Steagall or when they wax poetic about the joys of small-town banking.
The Egyptians have opened this door for others as well. This is an important and powerful moment for each one of us, for it is in claiming our own authority to count in the matters of life; conscious life begins.
Greenspan will attempt to obfuscate. He will condescend, lecture, and distract. For the sake of the country, and to understand how we arrived here, the Angelides Commission must not allow that to happen.
Volatility is the result of market economies, global capital flows, and ever more powerful information technology -- and thus a price we pay for innovation and growth. Better that we learn to live with it, than try to wish it away.
Wall Street's been a high-risk thrill ride for years, enriching for some but empty of deeper meaning and divorced from underlying value. The "flash crash" didn't break the market, but it did reveal fault lines.