“The U. S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that a nanosecond had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all. What had once been the world’s most public, most democratic, financial market had become, in spirit, something like a private viewing of a stolen work of art.”

—  Michael Lewis , book Flash Boys

Source: Flash Boys (2014), p. 69

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 "The U. S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds;…" by Michael Lewis?
Michael Lewis photo
Michael Lewis 40
American writer 1960

Related quotes

Michael Lewis photo
Benoît Mandelbrot photo
Miguel de Cervantes photo

“There are only two families in the world, the Haves and the Have-Nots.”

Miguel de Cervantes (1547–1616) Spanish novelist, poet, and playwright

Source: Don Quixote de la Mancha (1605–1615), Part II (1615), Book III, Ch. 20.

Stephen King photo
Leonid Hurwicz photo

“Except for specialists such as market analysts and the like, economists as a professional group have had surprisingly little influence on businessman.”

Robert Aaron Gordon (1908–1978) American economist

Source: Business Leadership in the Large Corporation (1945), p. 259, footnote 26

Noam Chomsky photo
George Soros photo
Clement Attlee photo

Related topics