People 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 LewisI was gonna put him on the bus...I got tired of him talking, it was time for him to go home.
Michael LewisAbove all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
Michael LewisDon't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them.
Michael LewisThe 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 all friends with the local reporters. Your life is going to hell in the papers.
Michael Lewis