“How did you go bankrupt?' Bill asked.
'Two ways,' Mike said. 'Gradually and then suddenly.”

Book 2, Ch. 13
Mike's response is often misquoted as "It occurs first very slowly, then all at once."
Source: The Sun Also Rises (1926)

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Ernest Hemingway 501
American author and journalist 1899–1961

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“How did you go bankrupt?”

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'Two ways,' Mike said. 'Gradually and then suddenly.'
Book 2, Ch. 13
Mike's response is often misquoted as "It occurs first very slowly, then all at once."
The Sun Also Rises (1926)

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