December 2003 { wannabe forest ranger } Hank Paulson is passionate about banking. But he's also obsessed with snakes, tarantulas, and coral reefs. Fall 2003 { too busy. click here for justification } Summer 2003 { too busy living in nyc } June 2003 { alice } Little girls don’t say     I want to be in love They say     I want to fall in love Innate desire for downward motion     Sweet surrender to gravity But one cannot be forever falling     {Unless one is heading towards the fire} March 2003 { Warren Buffet on Derivatives } Reinsurance and derivatives businesses are similar: Like Hell, both are easy to enter and almost impossible to exit. // The two parties to the contract might well use differing models allowing both to show substantial profits for many years. In extreme cases, mark-to-model degenerates into what I would call mark-to-myth.