Michael Lewis: Quotes about people

Michael Lewis is American writer. Explore interesting quotes on people.
Michael Lewis: 80   quotes 0   likes

“The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Ten, Two Men In A Boat, p. 244

Money , People , Understanding , Business

“All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.”

Michael Lewis book The Big Short

Epilogue, Everything Is Correlated, p. 258
The Big Short (2010)

People

“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.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Three, " How Can A Guy Who Can't Speak English Lie?", p. 80

People , History , Change

“"Liquidity" was one of those words Wall Street people threw around when they wanted the conversation to end, and for brains to go dead, and for all questioning to cease.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 108

People , Question , Dead

“The more money to be made gaming the financial markets, the more people would decide they were put on earth to game the financial markets – and create romantic narratives to explain to themselves why a life spent gaming the financial markets is a purposeful life.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 266

Life , Money , People , Game

“The longer-term the option, the sillier the results generated by the Black-Scholes option pricing model, and the greater the opportunity for people who didn't use it.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Five, Accidental Capitalists, p. 122

People

“The best way to manage people, he thought, was to convince them that you were good for their careers. He further believed that the only way to get people to believe that you were good for their careers was actually to be good for their careers.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 26

People , Way

“A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter One, A Secret Origin Story, p. 14

People , Feeling

“He walked around the Las Vegas casino incredulous at the spectacle before him: seven thousand people, all of whom seem delighted with the world as they found it. A society with deep, troubling economic problems had rigged itself to disguise those problems, and the chief beneficiaries of the deceit were its financial middlemen. How could this be?”

Michael Lewis book The Big Short

Source: The Big Short (2010), Chapter Six, Spider-Man At The Venetian, p. 154

People , World , Problem

“The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced it; and because the few people able to draw it for you have no interest in doing so.”

Michael Lewis book Flash Boys

Source: Flash Boys (2014), p. 4

People , World , Drawing