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Quote by Michael Lewis

“Icelandic people are inbred. And they have a sense of themselves as genetically special, and a history of risk-taking because they make their living on the high seas fishing. Assets generally rose in value during this period, and so it looked like they actually knew what they were doing.”

Quote by Michael Lewis

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

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“The reason the Greeks don't pay taxes is they don't trust where their taxes are going, because they know these other Greeks are taking money from the state for doing nothing. So it's - it's an essentially corrupt society.”

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“The Irish turned in on themselves and bid up their own land prices in the most extraordinary ways... The Irish people stepped in and guaranteed the banks, and committed to repay sums they can't afford to repay, and essentially committed themselves to generations of suffering.”

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“There's a certain status to suffering in Ireland, that the person who - if you're sitting around a table, the person with the greatest status is the person who had the most horrible thing happen to them most recently.”

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“The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks. They invested in Greek government bonds. They were heavy into Irish banks, big into Irish banks, and they bought U.S. subprime mortgage bonds.”

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“The vicious cycle that is bringing down European states is not going to hit us [the USA], at least not for a while, at the level of the federal government. The same cannot be said of state and local governments.”

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“When an American declares bankruptcy, when he hits bottom, he can reinvent himself. There's a story he can tell. We tolerate reinvention. We encourage reinvention. That's what this country has that Europe does not. It's not just a crisis; it's an opportunity.”

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“[As an actor] I have ideas, but things should always be fluid. You should always be ready to follow an instinct. Something might reveal itself on the day.”

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