The vicious cycle that is bringing down European states is not going to hit us [the USA], at least not for a while, at the level of the federal government. The same cannot be said of state and local governments.
Michael LewisIn Bakersfield, California, a Mexican strawberry picker with an income of $14,000 and no English was lent every penny he needed to buy a house for $724,000.
Michael LewisWe aren't natural statisticians. What we are is natural storytelling machines. And so what we do after we have the facts in hand is build a story to explain the facts.
Michael LewisYou can anchor the mind into answering a question a certain way by giving them a totally unrelated piece of information dropped before.
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 LewisGirls tend to attribute their failures to factors such as lack of ability, while boys tend to attribute failure to specific factors, including teachers' attitudes. Moreover, girls avoid situations in which failure is likely, whereas boys approach such situations as a challenge, indicating that failure differentially affects self-esteem.
Michael Lewis