Quote

It is the nature of being the general manager of a baseball team that you have to remain on familiar terms with people you are continually trying to screw.

Michael Lewis

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Michael Lewis
Age: 64
Born: 1960
Born: October 15
Author
Journalist
Writer
New Orleans
Louisiana
Michael M. Lewis
Terms
Screw
General
Screws
Team
Manager
Term
Continually
Nature
Managers
Trying
Familiar
People
Remain
Baseball

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People dislike uncertainty so much that they will impose an order on it even when it doesn't exist.
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Everything, in retrospect, is obvious. But if everything were obvious, authors of histories of financial folly would be rich . . .
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Commitment, by its nature, frees us from ourselves and, while it stands us in opposition to some, it joins us with others similarly committed. Commitment moves us from the mirror trap of the self absorbed with the self to the freedom of a community of shared values.
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Like Adam, formed from clay, children are formed from the biological material of which they are made or by the hands of their parents.
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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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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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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.
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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.
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A thought crossed his mind: How do you make poor people feel wealthy when wages are stagnant? You give them cheap loans.
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I was gonna put him on the bus...I got tired of him talking, it was time for him to go home.
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There's something bad in everything good and something good in everything bad.
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All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.
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Girls tend to attribute their failures to factors such as lack of ability, while boys tend to attribute failure to specific factors, including teachers' attitudes. Moreover, girls avoid situations in which failure is likely, whereas boys approach such situations as a challenge, indicating that failure differentially affects self-esteem.
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I'd stumbled into a job at Salomon Brothers in 1985, and stumbled out, richer, in 1988, and even though I wrote a book about the experience, the whole thing still strikes me me as totally preposterous-which is one reason the money was so easy to walk away from.
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There's no point in arguing with partisan supporters. Their views are their identity. Nothing you can tell the most phlegmatic follower.
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The only thing history teaches us, a wise man once said, is that history doesn’t teach us anything.
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We aren't natural statisticians. What we are is natural storytelling machines. And so what we do after we have the facts in hand is build a story to explain the facts.
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He was ignorant, but a lot of people mistook ignorance for stupidity, and knowingness for intelligence.
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He was blessed with an unconventional mind, which overcame his conventional middle-class upbringing.
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It's such a pain in the ass to write a book, I can't imagine writing one if I'm not interested in the subject.
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