Andrew Ross Sorkin
Andrew Ross Sorkin
Andrew Ross Sorkinis an American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films...
NationalityAmerican
ProfessionJournalist
Date of Birth19 February 1977
CountryUnited States of America
advanced almost business economic education fetch given less lousy might money normal skills teachers work
In many ways, education is a lousy business. Teachers are not normal economic actors; almost all of them work for less money than they might fetch in some other industry, given their skills and advanced degrees.
behavior carbon change changed clever failed financial littered others plans street wall
Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world, and others failed miserably.
people
It's the people who have an incentive to find the problem who usually find the problem.
private yachts
Some billionaires like cars, yachts and private jets. Others like newspapers.
euphoria explains miss
The euphoria around economic booms often obscures the possibility for a bust, which explains why leaders typically miss the warning signs.
people
We talk about institutions that are too big to fail - I think the story is as much about people who think they are too big to fail.
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Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.
america exactly oddly spoke
What if lawmakers never spoke to their constituents? Oddly enough, that's exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
activity biggest companies deals learned merger possible
What if the slowdown in merger activity isn't cyclical, but secular? What if corporations have learned the lessons of so many companies before them that the odds of a successful merger are no better than 50-50 and probably less? Is it possible that the biggest deals have already been done?
almost check crack keeps middle roll scoop sites stay till until wake waking web
What keeps me up at night? Waking up to a scoop at another newspaper or on TV. I'm probably competitive, almost too much so. I will stay up till the Web sites at night roll over. And if they don't roll over, I'll stay up until it's done. I'll wake up at the crack of dawn, or in the middle of the night even, just to go and check and see.
agency light fire
Debt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
thinking stories should
I think you tell the story that has to be told. You tell the story that's the truth. You tell the story that readers will be interested in and should know about.
government may economy
The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.
fierce forgotten good-things
The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.