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Quote by Michael Lewis

“The simple measure of sanity in housing prices, Zelman argued, was the ratio of median home price to income. Historically, in the United States, it ran around 3:1; by late 2004, it had risen nationally, to 4:1. “All these people were saying it was nearly as high in some other countries,” says Zelman. “But the problem wasn’t just that it was four to one. In Los Angeles it was ten to one and in Miami, eight-point-five to one.”

Quote by Michael Lewis

Book:The Big Short: Inside the Doomsday Machine
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The Big Short: Inside the Doomsday Machine

The book delves into the intricate details of the financial crisis, providing an in-depth look at how a group of investors foresaw and profited from the impending disaster. It examines the role of Wall Street, the government, and the housing market in the lead-up to the crisis, offering a critical analysis of the events that led to the global economic downturn. more

Author

Michael Lewis
Michael Lewis

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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“Man can either exist as an island isolated from existence, thinking himself separate from existence, or man can live in harmony with existence. The first way is the way of the ego. It is like trying to swim upstream in opposition to the stream of life. You may succeed for a while, but sooner or later you will become tired and exhausted. The river is not fighting you. It is just your own idea of being separated that has created the whole problem. You tried to fight with life, and you got defeated. The river is not responsible. If you had taken a different approach to life, if you had accepted to go with the river of life, there would have been no fight, no struggle, no frustration and no defeat. You would not have felt that existence was against you. You would not have felt that existence is your enemy. Going with the river, floating with the river, you would have felt that the river was giving you strength. That is the way of the religious person. The first way, the way of the ego, is the way of the irreligious person. The second way, the way of the heart is to be in harmony with existence. And the moment that you let go and merge with existence, God becomes your strength. Then there is great rejoicement in your heart. Then each moment becomes a joy without any fight, without any struggle. That is the joy of being religious.”

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“Every dollar you save and invest in real estate today plants a seed for tomorrow’s financial freedom.”

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