Michael Lewis Quotes About Wall

Quotes about: Wall

• 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.

  Michael Lewis

  Wall, Army, Dollars

• 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.

  Michael Lewis

  Wall, Smart, Odds

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.266, W. W. Norton & Company

• 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.

  Michael Lewis

  Wall, Class, America

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.88, W. W. Norton & Company

• 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.

  Michael Lewis

  Wall, Black, Strange

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.128, W. W. Norton & Company

• 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.

  Michael Lewis

  Wall, Fun, Thinking

  Source: www.businessinsider.com

• 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.

  Michael Lewis

  Wall, World, Derivatives

  "The Big Short: Inside the Doomsday Machine". Book by Michael Lewis, March 15, 2010.

• 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.

  Michael Lewis

  Wall, Crazy, Smart

  Source: www.businessinsider.com

• 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.

  Michael Lewis

  Wall, Self, People

  Michael Lewis (2015). “The Big Short: Inside the Doomsday Machine (movie tie-in)”, p.254, W. W. Norton & Company

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

  Michael Lewis

  Wall, Writing, Thinking

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

  Michael Lewis

  Wall, Made, Crisis

• 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.

  Michael Lewis

  Wall, Simple, Trying

  Source: www.businessinsider.com

• 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.

  Michael Lewis

  Morning, Wall, Regret

  Michael Lewis (2010). “Liar's Poker”, p.83, W. W. Norton & Company

• 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.

  Michael Lewis

  Wall, Kids, Thinking

  Source: www.businessinsider.com

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