There was but one question he left unasked, and it vibrated between his lines: if gross miscalculations of a person's value could occur on a baseball field, before a live audience of thirty thousand, and a television audience of millions more, what did that say about the measurement of performance in other lines of work? If professional baseball players could be over- or under valued, who couldn't?
Michael LewisHe was ignorant, but a lot of people mistook ignorance for stupidity, and knowingness for intelligence.
Michael LewisAbove all, recognize that if you have had success, you have also had luck โ and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky.
Michael LewisThe institutions at the centre of capitalism are bigger than they've ever been, the pay is much greater, the ability of society to get its arms around it is much less. The political clout of the financial class is unbelievable. I'd say the story is darker than when I was there. When I was there it felt like a comedy - and now it feels more like a tragedy.
Michael LewisThere has been this - and it's reflected in the broadcasts - this moronic use of statistics. Which has suggested to everyone who is intelligent the use of statistics is moronic.
Michael Lewis