“the less the female presence, the less rational the approach to trading in the markets.” — Michael Lewis Copy Share Image
“They were less and less able to buy and sell big chunks of stock in a gulp.” — Michael Lewis Copy Share Image
“The U.S. financial markets had always been either corrupt or about to be corrupted.” — Michael Lewis Copy Share Image
The United States stock market, the most iconic market in global capitalism, is rigged, — Michael Lewis Copy Share Image
It is far better to keep the enemy close, by bribing him with stock options, than to have him out in the… — Michael Lewis Copy Share Image
“Allan confined himself to one investment decision: whether to buy shares in a new company when it went public.” — Michael Lewis Copy Share Image
“The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the… — Michael Lewis Copy Share Image
“Someone out there was using the fact that stock market orders arrived at different times at different exchanges to front-run orders from… — Michael Lewis Copy Share Image
“As the U.S. stock market had grown less comprehensible, it had also become more sensationally erratic.” — Michael Lewis Copy Share Image
“Healtheon was worth whatever investors felt like paying for it, and that depended largely on public opinion. Healtheon was running for president.… — Michael Lewis Copy Share Image
Wall Street, with its army of brokers, analysts, and advisers funneling trillions of dollars into mutual funds, hedge funds, and private equity… — Michael Lewis Copy Share Image
“He wondered, often, what it would look like if and when the shit in question hit the fan: The stock market at… — Michael Lewis Copy Share Image
The Germans made just about every bad investment you could have made in the last 10 years. They invested in Icelandic banks.… — Michael Lewis Copy Share Image
“No longer were the prices of ordinary mortgage bonds allowed to roam inefficiently, for they were now linked to the CMO market,… — Michael Lewis Copy Share Image
“By the middle of 2011, roughly 30 percent of all stock market trades occurred off the public exchanges, most of them in… — Michael Lewis Copy Share Image
A vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing… — Michael Lewis Copy Share Image
“The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the… — Michael Lewis Copy Share Image
“What begins as a failure of the imagination ends as a market inefficiency: when you rule out an entire class of people… — Michael Lewis Copy Share Image
“Years later he would say that when he'd decided to become a professional baseball player, it was the only time he'd done… — Michael Lewis Copy Share Image
“Every systemic market injustice arose from some loophole in a regulation created to correct some prior injustice. “No matter what the regulators… — Michael Lewis Copy Share Image
There used to be this guy called Vinny who worked on the floor of the stock exchange, said one big investor who… — Michael Lewis Copy Share Image
“Burry did not think investing could be reduced to a formula or learned from any one role model. The more he studied… — Michael Lewis Copy Share Image
“The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any… — Michael Lewis Copy Share Image
“By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs,… — Michael Lewis Copy Share Image
“Dark pools were another rogue spawn of the new financial marketplace. Private stock exchanges, run by the big brokers, they were not… — Michael Lewis Copy Share Image
The inability to envision a certain kind of person doing a certain kind of thing because you've never seen someone who looks… — Michael Lewis Copy Share Image
“On its surface, the booming market in side bets on subprime mortgage bonds seemed to be the financial equivalent of fantasy football:… — Michael Lewis Copy Share Image
“Take a typical three-hundred-million-dollar CMO. It would be divided into three tranches, or slices of a hundred million dollars each. Investors in… — Michael Lewis Copy Share Image
“The new structure of the U.S. stock market had removed the big Wall Street banks from their historic, lucrative role as intermediary.… — Michael Lewis Copy Share Image
“Then came the so-called flash crash. At 2:45 on May 6, 2010, for no obvious reason, the market fell six hundred points… — Michael Lewis Copy Share Image
“Imagine, for instance, that someone passed a rule, in the U.S. stock market as it is currently configured, that required every stock… — Michael Lewis Copy Share Image
“As they worked through the order types, they created a taxonomy of predatory behavior in the stock market. Broadly speaking, it appeared… — Michael Lewis Copy Share Image
Here was a strange but true fact: The closer you were to the market, the harder it was to perceive its folly. — Michael Lewis Copy Share Image
“The U.S. stock market now trades inside black boxes, in heavily guarded buildings in New Jersey and Chicago.” — Michael Lewis Copy Share Image
“All of a sudden the market is all about algos and routers. It’s hard to figure this stuff out.” — Michael Lewis Copy Share Image
Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the… — Michael Lewis Copy Share Image
“They were combing the markets for bets whose true odds were 10:1, priced as if the odds were 100:1.” — Michael Lewis Copy Share Image
“The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit,… — Michael Lewis Copy Share Image
“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions… — Michael Lewis Copy Share Image
“You saw someone who reminded you of you, and then you looked for the reasons why you liked him. The” — Michael Lewis Copy Share Image
“At other places management says, ‘Well, gee, fellas, do we really want to bet the ranch on this deal?’ Lewie was not only willing… — Michael Lewis Copy Share Image
“BILLY WOULD SAY later that his wife left him because she was unnerved by his intensity—that she could even see it in his hands… — Michael Lewis Copy Share Image
“The great thing about baseball players, from the point of view of personal hygiene, is how seldom they break a sweat.” — Michael Lewis Copy Share Image
There was but one question he left unasked, and it vibrated between his lines: if gross miscalculations of a person's value could occur on… — Michael Lewis Copy Share Image
“The author refers to a player's affected nonchalance and comments he is, "too young to realize you are what you pretend to be.” — Michael Lewis Copy Share Image
A banking system is an act of faith: it survives only for as long as people believe it will. — Michael Lewis Copy Share Image
Some coaches believed they could judge a player's performance simply by watching it. In this they were deeply mistaken. The naked eye was an… — Michael Lewis Copy Share Image
“No longer were the prices of ordinary mortgage bonds allowed to roam inefficiently, for they were now linked to the CMO market, in much… — Michael Lewis Copy Share Image
“The difference between Strauss and Ranieri?” says one trader still at Salomon. “That’s easy. Strauss wouldn’t stoop to use the men’s room on the… — Michael Lewis Copy Share Image
“The only inexplicable aspect of the process was that economic theory (which is, after all, what economics students were supposed to know) served almost… — Michael Lewis Copy Share Image
![“Crucial decisions are made, today as thousands of years ago, in terms of the intuitive guesses and preferences of a few men in positions of authority...[it is] quite likely that the fate of entire societies may be sealed by a series of avoidable mistakes committed by their leaders.” quote by Michael Lewis](https://sms4smile.com/quotes/img-quotes/a59/michael-lewis-705_decision-making_crucial-decisions-are-made-today-as-thou_16888.jpg)
