The Smartest Guys in the Room by Bethany McLean and Peter Elkind
What did you learn?
An oil company was essentially turned into a hedge fund that made up new ways to trade commodities like electricity without any checks on what they were doing.
Memorable Quotes
“‘Yes, according to the rules, this is a duck.’ Everybody knows that it’s a dog, not a duck, but that doesn’t matter, because you’ve met the rules for calling it a duck.”