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 incentive for the outsider is to attack the system right up to the moment he is co-opted by it. The incentive for the insider -and this took some getting used to- is to allow yourself to be attacked, and then co-opt your most ferocious attackers, and their best ideas. The effect on the system as a whole is to make it more stable, because everyone winds up working on its behalf.
The fuses had been lit and could not be extinguished. All that remained was to observe the speed of the spark, and the size of the explosions.
I'd stumbled into a job at Salomon Brothers in 1985, and stumbled out, richer, in 1988, and even though I wrote a book about the experience, the whole thing still strikes me me as totally preposterous-which is one reason the money was so easy to walk away from.
It is far better to keep the enemy close, by bribing him with stock options, than to have him out in the wild, foraging.
When the last history of high-frequency trading is written, Hunsader, like Joe Saluzzi and Sal Arnuk of Themis Trading, deserves a prominent place in it.
Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.
I confess some part of me thought, If only I'd stuck around, this is the sort of catastrophe I might have created.
The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.
If you’ve got a dozen pitchers, you need to speak 12 different languages.
I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.
Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.
I was gonna put him on the bus...I got tired of him talking, it was time for him to go home.
Every form of strength is also a form of weakness,
My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.