Michael Lewis quote

"Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best move."

Michael Lewis

Born: October 15, 1960

Occupation: Author

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More quotes of Michael Lewis

Michael Lewis

The sheer quantity of brain power that hurled itself voluntarily and quixotically into the search for new baseball knowledge was either exhilarating or depressing, depending on how you felt about baseball....

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Michael Lewis

Thirdly-but not lastly-there was the bias toward what people saw with their own eyes, or thought they had seen. The human mind played tricks on itself when it relied exclusively on what it saw. There was...

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Michael Lewis

Some coaches believed they could judge a player's performance simply by watching it. In this they were deeply mistaken. The naked eye was an inadequate tool for learning what you needed to know to evaluate...

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Michael Lewis

There 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.

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Michael Lewis

Every form of strength is also a form of weakness,” he once wrote. “Pretty girls tend to become insufferable because, being pretty, their faults are too much tolerated. Possessions entrap men, and...

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Michael Lewis

Everything, in retrospect, is obvious. But if everything were obvious, authors of histories of financial folly would be rich . . .

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Michael Lewis

At SGI board meetings... Jim Clark's face would get red and he'd start shouting that an investor and board member had cheated him and his engineers.

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Michael Lewis

I was gonna put him on the bus...I got tired of him talking, it was time for him to go home.

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Michael Lewis

As idiotic as optimism can sometimes seem, it has a weird habit of paying off.

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Michael Lewis

Those who know don't tell and those who tell don't know.

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Michael Lewis

The pleasure of rooting for Goliath is that you can expect to win. The pleasure of rooting for David is that, while you don’t know what to expect, you stand at least a chance of being inspired.

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Michael Lewis

Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best...

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Michael Lewis

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...

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Michael Lewis

He's a machine for competitive balance, ... Yes, the money is in New York. Yes, the money is in his hands. But he squanders money. Thank God for it.

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Michael Lewis

Everywhere you turn you see Americans sacrifice their long-term interests for a short-term reward.

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Michael Lewis

Every form of strength is also a form of weakness,

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Michael Lewis

I thought instead of a good rule for survival on Wall Street: Never agree to anything proposed on someone else's boat or you'll regret in in the morning.

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Michael Lewis

Baseball has so much history and tradition. You can respect it, or you can exploit it for profit, but it's still being made all over the place, all the time.

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Michael Lewis

If you’ve got a dozen pitchers, you need to speak 12 different languages.

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Michael Lewis

People in both fields operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.

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Michael Lewis

Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.

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Michael Lewis

That was how a Salomon bond trader thought: He forgot whatever it was that he wanted to do for a minute and put his finger on the pulse of the market. If the market felt fidgety, if people were scared...

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Michael Lewis

The only thing history teaches us, a wise man once said, is that history doesn’t teach us anything.

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Michael Lewis

It is the nature of being the general manager of a baseball team that you have to remain on familiar terms with people you are continually trying to screw.

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Michael Lewis

One absolutely cannot tell, by watching, the difference between a .300 hitter and a .275 hitter. The difference is one hit every two weeks.

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Michael Lewis

Above 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.

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Michael Lewis

Baseball is this intense subculture that actually doesn't speak very much for the larger culture.

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Michael Lewis

Book tours are almost designed to beat out of an author any affection he has for his book.

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Michael Lewis

I don't think there is a national pasttime. Watching TV is a national pasttime. Really. If there is a national pasttime, it is watching TV.

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Michael Lewis

I think that fans are always looking for someone to blame. Wouldn't it be nice if they looked in the mirror?

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Michael Lewis

If you had to point to one thing that made it less likely that the Red Sox would win the World Series, I would say it was those people that go to Fenway Park to watch the games. And then the media around...

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Michael Lewis

My judgement is not good when I am on a book tour. I am not thinking about it that much. What happens is I will go back home. I have a 4-year-old and a 1-year-old and a wife who is now taking care of them...

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Michael Lewis

People who think they know what they are talking about when they talk about baseball include the announcers and all of the sports press - no matter how much evidence you present them to the contrary they...

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Michael Lewis

The 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.

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Michael Lewis

The Red Sox are the local scapegoats. It's hard enough to play baseball without being the local scapegoat too.

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Michael Lewis

The sentimentality of baseball is very deeply rooted in the American baseball fan. It is the one sport that is transmitted from fathers to sons.

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Michael Lewis

There used to be this guy called Vinny who worked on the floor of the stock exchange, said one big investor who had observed the market for a long time. After the markets closed Vinny would get into his...

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Michael Lewis

A banking system is an act of faith: it survives only for as long as people believe it will.

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Michael Lewis

People really don't like to hear success explained away as luck, especially successful people. As they age and succeed, people feel their success was somehow inevitable. They don't want to acknowledge...

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Michael Lewis

The world clings to its old mental picture of the stock market because it’s comforting; because it’s so hard to draw a picture of what has replaced it; and because the few people able to draw it for...

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Michael Lewis

Commitment, by its nature, frees us from ourselves and, while it stands us in opposition to some, it joins us with others similarly committed. Commitment moves us from the mirror trap of the self absorbed...

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Michael Lewis

The inability to envision a certain kind of person doing a certain kind of thing because you've never seen someone who looks like him do it before is not just a vice. It's a luxury. What begins as a failure...

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Michael Lewis

In Japan, mothers insist on achievement and accomplishment as a sign of love and respect. Thus to fail places children in a highly shamed situation.

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Michael Lewis

When you're trying to create a career as a writer, a little delusional thinking goes a long way.

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Michael Lewis

A tourist can't help but have a distorted opinion of a place: he meets unrepresentative people, has unrepresentative experiences, and runs around imposing upon the place the fantastic mental pictures he...

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Michael Lewis

Don't be deceived by life's outcomes. Life's outcomes, while not entirely random, have a huge amount of luck baked into them.

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Michael Lewis

What happens when we acknowledge the sovereignty and power of God without trusting in His goodness and faithfulness? A pitcher who saw God's power behind his extremely unlikely rise to the big leagues...

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Michael Lewis

That's what happens when you're thirty-seven years old: you do the things you always did but the result is somehow different.

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Michael Lewis

He was ignorant, but a lot of people mistook ignorance for stupidity, and knowingness for intelligence.

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Michael Lewis

the lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.

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Michael Lewis

The CDO was, in effect, a credit laundering service for the residents of Lower Middle Class America. For Wall Street it was a machine that turned lead into gold.

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Michael Lewis

In 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.

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Michael Lewis

My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.

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Michael Lewis

The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.

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Michael Lewis

He was blessed with an unconventional mind, which overcame his conventional middle-class upbringing.

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Michael Lewis

What are the odds that people will make smart decisions about money if they don't need to make smart decisions--if they can get rich making dumb decisions? The incentives on Wall Street were all wrong;...

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Related quote

Michael Lewis

Managers tend to pick a strategy that is the least likely to fail, rather then to pick a strategy that is most efficient," Said Palmer. " The pain of looking bad is worse than the gain of making the best...

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Max McKeown

Give serious thought to why your company should care about your strategy. Specifically, find problems that the board wants to be solved. What are senior managers scared of? Part of becoming a credible...

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Morihei Ueshiba

It is necessary to develop a strategy that utilizes all the physical conditions and elements that are directly at hand. The best strategy relies upon an unlimited set of responses.

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Mark Zuckerberg

The biggest risk is not taking any risk... In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.

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John Charles Polanyi

I knew, however, that it would cost ten times what I had available in order to build a molecular beam machine. I decided to follow a byway, rather than the highway. It is a procedure I have subsequently...

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Jiddu Krishnamurti

You may remember the story of how the devil and a friend of his were walking down the street, when they saw ahead of them a man stoop down and pick up something from the ground, look at it, and put it...

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James Davison Hunter

As with military campaigns, cultural warfare is always decided over the pragmatic problems of strategy, organization and resources. . . . The factions with the best strategies, most efficient organization,...

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Noam Chomsky

Since Jimmy Carter, religious fundamentalists play a major role in elections. He was the first president who made a point of exhibiting himself as a born again Christian. That sparked a little light in...

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Miyamoto Musashi

If there is a Way involving the spirit of not being defeated, to help oneself and gain honour, it is the Way of Strategy.

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Jonathan Chait

Netanyahu and his coalition have no strategy of their own except endless counterinsurgency against the backdrop of a steadily deteriorating diplomatic positionThe operation in Gaza is not Netanyahu’s...

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Miguel de Icaza

Our strategy in dealing with patents in Mono is the same strategy that any other software developer would take. In the event of a patent claim, we will try to find prior art to the claim of the patent.

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Mark Zandi

No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect...

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Kenichi Ohmae

What business strategy is all about-what distinguishes it from all other kinds of business planning-is, in a word, competitive advantage. Without competitors there would be no need for strategy, for the...

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Sam Abell

But there is more to a fine photograph than information. We are also seeking to present an image that arouses the curiosity of the viewer or that, best of all, provokes the viewer to think-to ask a question...

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Michael Dell

I believe that you have to understand the economics of a business before you have a strategy, and you have to understand your strategy before you have a structure. If you get these in the wrong order,...

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Jeffrey Pfeffer

Doing the right thing is important, which is where strategy comes in. But doing that thing well—execution—is what sets companies apart. After all, every football play is designed to go for a huge gain....

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Lanza del Vasto

The most efficient action, the most significant testimony to nonviolence, is living a life in which there is no violence-showing that such a life is possible, and even not more difficult than a life of...

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Daniel Handler

In most cases, the best strategy for a job interview is to be fairly honest, because the worst thing that can happen is that you won't get the job and will spend the rest of your life foraging for food...

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PZ Myers

Silence is an argument in favor of the status quo. A refusal to address an inequity is a strategy for maintaining that inequity.

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Mark Zuckerberg

There are people who are really good managers, people who can manage a big organization, and then there are people who are very analytic or focused on strategy. Those two types don't usually tend to be...

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Sebastian Vettel

I have one quote I very often read to myself, from a very good friend: 'Forget the people around you now; remember the little boy who was racing in go-karts, what you were dreaming of and what he wanted...

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“Don't cry because it's over, smile because it happened.”

― Dr. Seuss