“Here was a strange but true fact: The closer you were to the market, the harder it was to perceive its folly.”

Source: The Big Short (2010), Chapter Three, " How Can A Guy Who Can't Speak English Lie?", p. 91

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Here was a strange but true fact: The closer you were to the market, the harder it was to perceive its folly." by Michael Lewis?

Michael Lewis40

American writer 1960

Diana Wynne Jones book Fire and Hemlock

Source: Fire and Hemlock

“In a city, you can be alone in a crowd, and in fact what makes the city a city is that it lets you hide the strangeness in your mind inside its teeming multitudes.”

Orhan Pamuk book A Strangeness in My Mind

Source: A Strangeness in My Mind

“With all this dolling up and featuring of the news,it's getting harder and harder just to get the facts of the story.”

Walter Cronkite (1916–2009) American broadcast journalist

Free the Airwaves! (2002)

“It is a fact worth pondering that four centuries ago the evil of "an abundance or surplus" arose from its being kept off the market, while today the evil of surplus lies in its being thrown upon the market.”

Benjamin Graham (1894–1976) American investor

Part I, Chapter II, Government and Surplus Stocks, p. 28
Storage and Stability (1937)

“Markets are not perfect, which is true even for rationally regulated markets. Nevertheless, over the last thousand years every attempt to organize sizeable societies without important dependence on markets has generated its own failure …”

Paul A. Samuelson (1915–2009) American economist

New millennium, An Enjoyable Life Puzzling Over Modern Finance Theory, 2009

“My own view is that a vegetarian diet may in fact hasten the coming of Moshiach (the Messiah). The more we live as if this were the messianic age the closer we are to it.”

Rami M. Shapiro (1951) American rabbi

Reported in Judaism and Vegetarianism by Richard H. Schwartz (New York: Lantern Books, 2001), in the “ Statements of support https://archive.org/stream/JudaismAndVegetarianism#page/n3/mode/2up” section.

“It is, indeed an incredible fact that what the human mind, at its deepest and most profound, perceives as beautiful finds its realization in external nature.… What is intelligible is also beautiful.”

Subrahmanyan Chandrasekhar (1910–1995) physicist

From a lecture, "Beauty and the Quest for Beauty in Science" given at the International Symposium in recognition of Robert R. Wilson on April 27, 1979 at the Fermi National Accelerator Laboratory, Batavia, Illinois.

“What counts is not so much the fact as what the public perceives to be the fact.”

Barbara W. Tuchman book A Distant Mirror

Source: A Distant Mirror (1978), p. 291

“I do not see how the Creation can be turned into words, let alone letters, hardly even a fiction. History is always entirely different to what has happened. The facts are all fled from you before you start the story. History is simply a fact on its own. And the closer you try to approach the facts through history, the deeper you sink into fiction.”

Halldór Laxness book Kristnihald undir Jökli (bók)

Kristnihald undir Jökli (Under the Glacier/Christianity at Glacier) (1968)

“Here we have the heart of the difference between Hayek and Keynes: one knew that markets work to give us the best of all possible worlds, while governments create and exacerbate malfunctions; the other imagined that governments were somehow capable of both perceiving and correcting malfunctions by means of the printing press, provided the right technocrats are in charge.”

Jeffrey Tucker (1963) American writer

“Here was a strange but true fact: The closer you were to the market, the harder it was to perceive its folly.”

Help us to complete the source, original and additional information

Michael Lewis40

Related quotes

Related topics