“The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of having to stand by them.”
Source: Flash Boys (2014), p. 105
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Michael Lewis 40
American writer 1960Related quotes

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 1, Financial Crashes: What, How, Why, And When?, p. 3.
Part 2, Chapter 7, Companies, Owners, and Profit, p. 91
Economics For Everyone (2008)

Frost snorted. “I certainly do—if he has observed it with his own eyes and ears, or gets it from a source known to be credible. A fact doesn’t have to be understood to be true. Sure, any reasonable mind wants explanations, but it’s silly to reject facts that don’t fit your philosophy.”
Elsewhen (pp. 161-162)
Short fiction, Off the Main Sequence (2005)

Attributed to Auguste Rodin in: Leonard William Doob (1990). Hesitation: Impulsivity and Reflection. p. 124
Source: On His Blindness (1652)

On His Blindness (1652)
Compare "Patience is also a form of action." Attributed to Auguste Rodin in: Leonard William Doob (1990). Hesitation: Impulsivity and Reflection. p. 124

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 6, Hierarchies, Complex Fractal Dimensions, And Log Periodicity, p. 182.

“Exchange, fair or unfair, always presupposes and includes the rule of the bourgeoisie.”