Wall Street is not being made a scapegoat for this crisis: they really did this. — Michael Lewis Copy Share Image
The model used by Wall Street to price trillions of dollar's worth of derivatives thought of the financial world as an orderly,… — Michael Lewis Copy Share Image
I was really interested in a pretty simple thing: what happens when someone tries to introduce moral considerations into Wall Street, what… — Michael Lewis Copy Share Image
I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or… — Michael Lewis Copy Share Image
What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can… — Michael Lewis Copy Share Image
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… — Michael Lewis Copy Share Image
The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did… — Michael Lewis Copy Share Image
I didn't think one day something would happen that would bring me back to Wall Street to write what is essentially a… — 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
If you're the kind of kid who thinks that all that's important in life is making money, Wall Street is probably still… — Michael Lewis Copy Share Image
The idea that it's smart to allow Wall Street firms, with this "too big to fail" imprimatur, to become hedge funds again… — Michael Lewis Copy Share Image
The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was… — Michael Lewis Copy Share Image
Looking into it a bit, Jamie found that the model used by Wall Street to price LEAPs, the Black-Scholes option pricing model,… — 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
