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Michael Lewis Quotes

Author

Michael Lewis, born on October 15, 1960, is a renowned American author. His works are known for their in-depth investigations and revelations of the truths in the financial, business, and sports worlds.

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All People Wall Street Ifs Thinking Handbook Of Emotions Recession Streets Wall Psychologia Emocji Sadness Smutek Baseball Way Happens Mortgage Bonds World Bigs Book Knows Made

Famous Michael Lewis Quotes

“Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model, made some strange assumptions.”

Made Used Found Bits Black Streets Strange Wall Models Assumption Leap Jamie Scholes Pricing

Book:The Big Short: Inside the Doomsday Machine (movie tie-in)

Source: The Big Short: Inside the Doomsday Machine (movie tie-in)

“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.”

World Used Process Streets Changed Wall Models Dollars Financial Accidents Orderly Derivatives

Author:Michael Lewis

“The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.”

People Self Bigs Streets Wall Dumb Firm Ran Own Business Regulators

Book:The Big Short: Inside the Doomsday Machine (movie tie-in)

Source: The Big Short: Inside the Doomsday Machine (movie tie-in)

“I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a sequel.”

Thinking Writing Happens Streets Wall One Day Sequels

Author:Michael Lewis

“Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity funds, is an elaborate fraud.”

Streets Wall Army Dollars Investing Fund Mutual Fraud Equity Analysts Adviser Brokers Mutual Fund Hedge Fund Private Equity

Author:Michael Lewis

“Wall Street is not being made a scapegoat for this crisis: they really did this.”

Made Streets Wall Crisis Scapegoat

Author:Michael Lewis

“I was really interested in a pretty simple thing: what happens when someone tries to introduce moral considerations into Wall Street, what happens when someone wants to actually demand of himself and those who work with him that what they do is not just profitable but good and useful.”

Want Trying Happens Simple Moral Streets Wall Demand Consideration Introducing Profitable Simple Things

Author:Michael Lewis

“If you're the kind of kid who thinks that all that's important in life is making money, Wall Street is probably still the place to go, especially now that Trump's elected.”

Ifs Thinking Kind Stills Important Kids Life Is Streets Wall Trump Making Money Places To Go

Author:Michael Lewis

“In Wall Street now, you have to hide what you're doing. It's more fun when you don't have to do that. But I don't think its sense of purpose has changed at all.”

Thinking Purpose Fun Streets Changed Wall

Author:Michael Lewis

“The idea that it's smart to allow Wall Street firms, with this "too big to fail" imprimatur, to become hedge funds again - it's unconscionable. You're essentially saying we're going to take some elites in our society and let them roll the bones in the marketplace, and if it works out they get rich, and if it doesn't work out the taxpayer comes in again. That seems absolutely crazy to me. That seems to be where they're headed. I mean, maybe they're not and I'm wrong. Maybe they'll do sensible things. It's hard to know! There doesn't seem to be a plan.”

Ifs Knows Mean Ideas Hard Bigs Seems Rich Plans Failing Crazy Streets Wall Smart Work Out Bones Firm Our Society Fund Sensible Elites Taxpayers Marketplace Get Rich Hedge Fund

Author:Michael Lewis

“The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.”

America Class Streets Middle Effects Wall Gold Machines Credit Middle Class Residents

Book:The Big Short: Inside the Doomsday Machine (movie tie-in)

Source: The Big Short: Inside the Doomsday Machine (movie tie-in)

“What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they're still all wrong.”

People Ifs Needs Stills Decision Rich Streets Wall Smart Dumb Odds Incentives Get Rich Smart Decisions Dumb Decisions

Book:The Big Short: Inside the Doomsday Machine (movie tie-in)

Source: The Big Short: Inside the Doomsday Machine (movie tie-in)

“I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.”

Morning Streets Regret Wall Survival Agree Boat

Book:Liar's Poker

Source: Liar's Poker

About the Author

Born: October 15, 1960
Known for: Author
Quotes: 194

Books & Sources

Liar's PokerRelated source material

The Big Short: Inside the Doomsday MachineRelated source material

The Big Short: Inside the Doomsday Machine (movie tie-in)Related source material

The Undoing Project: A Friendship That Changed Our MindsRelated source material

Moneyball: The Art of Winning an Unfair GameRelated source material

Altering Fate: Why the Past Does Not Predict the FutureRelated source material

Shame: The Exposed SelfRelated source material

Boomerang: The Meltdown TourRelated source material

MoneyballRelated source material

The Fifth RiskRelated source material

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