When something happens people didn't predict, they find ways to explain it as if it were predictable.
Michael LewisIf you had to point to one thing that made it less likely that the Red Sox would win the World Series, I would say it was those people that go to Fenway Park to watch the games. And then the media around it.
Michael LewisThe incentives are still rotten, and people are still paid to do things they shouldn't be doing. The reforms did not really address the incentives, the system is still dysfunctional and there are still behavioural issues that need to be addressed.
Michael LewisIt is far better to keep the enemy close, by bribing him with stock options, than to have him out in the wild, foraging.
Michael Lewis