Quote

In Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.

Michael Lewis

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Michael Lewis
Age: 64
Born: 1960
Born: October 15
Author
Journalist
Writer
New Orleans
Louisiana
Michael M. Lewis
Mexican
California
Income
Picker
English
Strawberry
Needed
Lent
House
Strawberries
Every
Penny
Pennies

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Incredibly, at this critical juncture in financial history, after which so much changed so quickly, the only constraint in the subprime mortgage market was a shortage of people willing to bet against it.
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I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a sequel.
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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.
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Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.
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When something happens people didn't predict, they find ways to explain it as if it were predictable.
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A tourist can't help but have a distorted opinion of a place: he meets unrepresentative people, has unrepresentative experiences, and runs around imposing upon the place the fantastic mental pictures he had in his head when he got there.
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There's something bad in everything good and something good in everything bad.
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Baseball is this intense subculture that actually doesn't speak very much for the larger culture.
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