The 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 LewisHe was blessed with an unconventional mind, which overcame his conventional middle-class upbringing.
Michael LewisThe Red Sox are the local scapegoats. It's hard enough to play baseball without being the local scapegoat too.
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 LewisA vast industry of stockbrokers, financial planners, and investment advisers skims a fortune for themselves off the top in exchange for passing their clients' money on to people who, as a whole, cannot possibly outperform the market.
Michael LewisThere 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 Lewis