Home / Quotes / Quote by Michael Lewis

Quote by Michael Lewis

“My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.”

Quote by Michael Lewis

Book:Liar's Poker

Work

Liar's Poker is a personal account of the author's time at Salomon Brothers, a leading investment bank, where he navigated the intense and often unethical world of financial trading. The book offers an insider's perspective on the culture of greed and the rapid growth of the financial industry during the 1980s. more

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. more

You May Also Like

“This awful catastrophe is not the end but the beginning. History does not end so. It is the way its chapters open.”

Way Doe Ends Risk Management Awful Chapters Catastrophe Risk Management

Author:Saint Augustine

“We gauge risk literally hundreds of times per day, usually well and often subconsciously. We start assessing risk before the disaster even happens. We are doing is right now. We decide where to live and what kind of insurance to buy, just like we process all kinds of everyday risks: we wear bike helmets, or not. We buckle our seatbelts, smoke cigarettes, and let our kids stay out until midnight. Or not.”

Wells Kind Happens Kids Process Risk Right Now Management Everyday Disaster All Kinds Smoke Cigarette Bike Midnight Risk Management Helmet Gauges Buckles Assessing

Author:Amanda Ripley

“The public totally discounts low-probability high-consequence events. The individual says, it's not going to be this plane, this bus, this time.”

Individual Risk Events Lows Consequence Management Planes Bus Probability Risk Management Discounts

Book:The Unthinkable: Who survives when disaster strikes - and why

Source: The Unthinkable: Who survives when disaster strikes - and why

“If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes”

Ifs Risk Economic Minutes Management Risk Management Analyzing Forecasts

Author:Peter Lynch

“I don't have a room full of writers pitching ideas. It's just me out of my head.”

Ideas Rooms Pitching

Author:Louis C. K.

“Indeed, better risk management may be the only truly necessary element of success in banking.”

May Risk Elements Management Banking Risk Management

Author:Alan Greenspan

“One thing that makes it possible to be an optimist is if you have a contingency plan for when all hell breaks loose.”

Ifs Break Hell Plans Risk One Thing Management Optimist Risk Management Contingency Last Lecture Worst Case Scenario Contingency Plans

Book:The last lecture

Source: The last lecture

“Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose: trust.”

Values Loses Risk One Thing Protect Management Corporate Enterprise Transparency Risk Management Assessing

Author:Dale E. Jones

“Risk is just an expensive substitute for information.”

Risk Information Management Expensive Substitutes Risk Management

Author:Adrian Slywotzky

“If you don't know the Jewelry, know the Jeweller”

Ifs Knows Risk Management Jewelry Risk Management

Author:Warren Buffett