Michael Lewis
Michael Lewis
Michael Monroe Lewisis an American non-fiction author and financial journalist. His bestselling books include Liar's Poker, The New New Thing, Moneyball: The Art of Winning an Unfair Game, The Blind Side: Evolution of a Game, Panic, Home Game: An Accidental Guide to Fatherhood, The Big Short: Inside the Doomsday Machine, and Boomerang: Travels in the New Third World. He has also been a contributing editor to Vanity Fair since 2009. His most recent book, Flash Boys, which looked at the...
NationalityAmerican
ProfessionNovelist
Date of Birth15 October 1960
CityNew Orleans, LA
CountryUnited States of America
The Oakland clubhouse is a wonderful place. A lot of these guys feel like rejects. They were rejects and they feel - they can tell you how baseball screwed up.
It's a patently unfair game that $40 million has to play against $120 million. It just violates all of our notions of fairness that money is one of the determining factors in the outcome of a sporting contest.
When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There's a story he can tell. We tolerate reinvention. We encourage reinvention. That's what this country has that Europe does not. It's not just a crisis; it's an opportunity.
The incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.
You could argue the banks are much better capitalised than they were going into the crisis, and everyone's in a much more vigilant state because they still remember the crisis.
What's fun is watching actors of that calibre bring them to life. It's incredible. Christian Bale spent a day with the character he plays and after my year of being with him I couldn't have generated the same view of him. They have a different way of looking at people, it's fascinating to watch.
Hollywood would much prefer the author be dead, so that they can buy the book and do what they want to do with it.
The vicious cycle that is bringing down European states is not going to hit USA, at least not for a while, at the level of the federal government. The same cannot be said of state and local governments.
There's a certain status to suffering in Ireland, that the person who - if you're sitting around a table, the person with the greatest status is the person who had the most horrible thing happen to them most recently.
We have the Google family calendar. Before a week starts, my wife and I sit down to decide who's driving who to school or when can we go out on a date.
I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a sequel.
Icelandic people are inbred. And they have a sense of themselves as genetically special, and a history of risk-taking because they make their living on the high seas fishing. Assets generally rose in value during this period, and so it looked like they actually knew what they were doing.
Each firm held its rope; one by one, they realized that no matter how strongly they pulled, the balloon would eventually lift them off their feet.
Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best move.