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Quote by Michael Lewis

“The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.”

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

“In the past six months, our federal government has devised a dozen strategies to save America's financial markets. Each plan has been more costly, more risky, and less aligned with the principles of our country's free market economy than the last. I am disappointed to say that this latest plan puts all the rest of them to shame.”

“Wall Street got drunk and now it's got a hangover. And the question is, how long will it sober up and not try to do those fancy financial instruments?”

Trying Long Business Streets Wall Instruments Financial Finance Drunk Fancy Sober Hangover Sober Up

Author:George W. Bush

“In an ideal world, one populated by vegetarians and Esperanto speakers, derivatives would be used for one thing only: reducing levels of risk. The list of individual traders who have lost more than a billion dollars at a time betting on derivatives is not short.”

World Would Be Used Individual Lost Levels Business Risk One Thing Ideals Dollars Lists Billions Finance Vegetarian Speakers Reducing Traders Betting Derivatives Ideal World Esperanto

Author:John Lanchester

“The City is, in terms of its basic functioning, a far-off country of which we know little.”

Knows Littles Country Term Business Cities Finance

Book:I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Source: I.O.U.: Why Everyone Owes Everyone and No One Can Pay

“It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.”

Seems Past Business Worst Financial Decades Finance Fund Contracts Investors Trading Innovative Superfluous Derivatives Constrain

Author:Alan Greenspan

“Usually God favours the people who try to do good. So, when you find that the crowd is desperately trying to sell, help them and buy. When you find that the crowd is overenthusiastically trying to buy, help them and sell. It usually works out.”

People Trying Helping Business Sells Crowds Work Out Finance Favour

Author:John Templeton

“Never ask a trader if he is profitable: you can easily see it in his gesture and gait.”

Ifs Asks Business Finance Gestures Profitable Traders Gait

Book:Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Source: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.”

Years Has Beens Found Business Risk Willing Capable Finance Vehicle Marketplace Transfers Derivatives

Author:Alan Greenspan

Quote by Michael Lewis

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