Freeman Dyson, The New York Review of Books, Oppenheimer: The Shape of Genius, here.
The real tragedy of Oppenheimer’s life was not the loss of his security clearance but his failure to be a great scientist. For forty years he put his heart and soul into thinking about deep scientific problems. With the single exception of the collapse of massive stars at the end of their lives, he did not solve any of these problems. Why did he not succeed in scientific research as brilliantly as he succeeded in soldiering and administration? I believe the main reason why he failed was a lack of Sitzfleisch. Sitzfleisch is a German word with no equivalent in English. The literal translation is “Sitflesh.” It means the ability to sit still and work quietly. He could never sit still long enough to do a difficult calculation. His calculations were always done hastily and often full of mistakes.
Tyler Durden, Zerohedge, Two Former JPMorgan “London Whale” Traders To Be Arrested, here.
When asked for more detail, JPMorgan Chase told the Subcommittee that, at the end of March, the SCP included $62 billion in IG index holdings, $71 billion in iTraxx index holdings, $22 billion in High Yield index holdings, and a variety of other synthetic credit derivatives.542 Other contemporaneous internal bank documents provide even larger figures. For example, an April 2012 analysis stated that, at the end of March, the SCP held an $82 billion long position in the IG9 index alone,which comprised over half the market in that index.