“Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each is worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners but Icelandic banks, with a billion dollars in new assets.”
Source: Boomerang (2011), Chapter 2, p.17
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Michael Lewis 40
American writer 1960Related quotes
“If you can count your money, you don’t have a billion dollars.”
As quoted by Robert Lenzner in his book, The Great Getty (1985)
“If you want to be a Millionaire, start with a billion dollars and launch a new airline.”
Quoted by P. Greenberg, “Why JetBlue will be different,” MSNBC as cited in Gittell and O’Reilly (October, 2001) Harvard Business School Press Reprint No. 9-801-354 [citation needed]
Source: Interview by Charlie Rose of Bloomberg - video https://video-kul1-1.xx.fbcdn.net/v/t42.3356-2/13862860_1329741163720893_1430621767_n.mp4/video-1469885440.mp4?vabr=114407&oh=bff4e8f9cedc225267e41ec705562dcf&oe=582E0B32&dl=0: 1 minute 53 seconds into the video
On the amount of baseball talent in Cuba, from the Vanity Fair article "Commie Ball: A Journey to the End of a Revolution" http://www.vanityfair.com/politics/features/2008/07/cuban_baseball200807 by Michael Lewis (July 2008)
“There's a certain part of the contented majority who love anybody who is worth a billion dollars.”
The Guardian [UK] (23 May 1992)
[2007-04-26, AP Interview: Romney says he's not the only one switching positions, rivals do it too, Liz Sidoti, San Francisco Chronicle, http://web.archive.org/web/20070430053858/http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/04/26/politics/p131443D20.DTL&type=politics, 2007-04-30, http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/04/26/politics/p131443D20.DTL&type=politics]
regarding Osama bin Laden
2007 campaign for Republican nomination for United States President
“Five billion dollars a year spent on ringtones? What the?”
" Pogue’s Imponderables http://pogue.blogs.nytimes.com/2007/10/18/pogues-imponderables/," The New York Times, October 18, 2007.