Clients Quote by Michael Lewis
“My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.”
About This Quote
Source Book: 'The Big Short' by Michael Lewis, 2010
Risk is treated as a tradable commodity, packaged and sold like any other product.
In simple terms: Risk can be bought and sold like a product.
Key Takeaway
Treat risk as a marketable asset.
Themes
finance
trading
risk management
commodification
Mood
critical
thoughtful
Type
financial
ethical
When to use this quote
- investment strategy
- portfolio construction
- risk pricing
Key Concepts
derivatives
market perception
financial engineering
Questions to Reflect On
- What are the ethical implications of selling risk?
- How does commodifying risk affect market stability?
A Different Perspective
Treating risk as a commodity may obscure real dangers.
![“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)
