The arrangement bore the same relation to actual finance as fantasy football bears to the NFL.
Michael LewisIf you have a patient in a doctor's office who's just been told they have terminal cancer but there's this operation they could perform right now that might save their lives. ... They have a 90 percent chance of surviving the operation — if you tell them that, they respond one way. If you tell them ... that they have a 10 percent chance of being killed by the operation, they are about three times less likely to have the operation.
Michael LewisIf you're the kind of kid who thinks that all that's important in life is making money, Wall Street is probably still the place to go, especially now that Trump's elected.
Michael LewisIt's such a pain in the ass to write a book, I can't imagine writing one if I'm not interested in the subject.
Michael LewisI think that fans are always looking for someone to blame. Wouldn't it be nice if they looked in the mirror?
Michael LewisPeople were paid lots of money to make stupid decisions, people in big banks, and when people are paid to be stupid they'll be stupid. The question was, did they know they were being stupid or were they just stupid? I think you need to take it on a case by case basis. There was some sinister activity, but I think by and by it was people being incentivised to do the wrong thing.
Michael Lewis