"Baseball is this intense subculture that actually doesn't speak very much for the larger culture."
"Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets."
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Source: Boomerang: Travels in the New Third World. Book by Michael Lewis, 2011.
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