“The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.”

Source: The Big Short (2010), Chapter Five, Accidental Capitalists, p. 116

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Michael Lewis40

American writer 1960

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“The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly, continuous process. But the world was not continuous; it changed discontinuously, and often by accident.”

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Michael Lewis40

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