Michael Lewis Quotes

64 quotes in 1140 categories

• Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.
• That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger…
• The only thing history teaches us, a wise man once said, is that history doesn’t teach us anything.
• People who think they know what they are talking about when they talk about baseball include the announcers and all of the sports press -…
• The Red Sox are a curious thing because so much here is media driven. You can't go fire half your scouts here because they are…
• The Red Sox are the local scapegoats. It's hard enough to play baseball without being the local scapegoat too.
• The sentimentality of baseball is very deeply rooted in the American baseball fan. It is the one sport that is transmitted from fathers to sons.
• There used to be this guy called Vinny who worked on the floor of the stock exchange, said one big investor who had observed the…
• A banking system is an act of faith: it survives only for as long as people believe it will.
• People really don't like to hear success explained away as luck, especially successful people. As they age and succeed, people feel their success was somehow…
• The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what…
• Don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them.
• There has been this - and it's reflected in the broadcasts - this moronic use of statistics. Which has suggested to everyone who is intelligent…
• At SGI board meetings... Jim Clark's face would get red and he'd start shouting that an investor and board member had cheated him and his…
• As idiotic as optimism can sometimes seem, it has a weird habit of paying off.
• 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…
• 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…
• The sports world is an echo chamber. All it takes is one quote from a general manager and a thousand sports columns bloom.
• Yet another hedge fund manager explained Icelandic banking to me this way: you have a dog, and I have a cat. We agree that each…
• There are several insights at the heart of the A's system that I think are wonderful for baseball. One, that it's a team game. That…

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