Michael Lewis quote

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

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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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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Ambrose Bierce

Immoral: Inexpedient. Whatever in the long run and with regard to the greater number of instances men find to be generally inexpedient comes to be considered wrong, wicked, immoral. If mans notions of...

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Dale Spender

The talkativeness of women has been gauged in comparison not with men but with silence. Women have not been judged on the grounds of whether they talk more than men, but of whether they talk more than...

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Horace Mann

Ignorance has been well represented under the similitude of a dungeon, where, though it is full of life, yet darkness and silence reign. But in society the bars and locks have been broken; the dungeon...

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Stephen Colbert

So, if I'm no cheerleader of sports, why write a chapter about it? Sports do have some positive impact on society. They solve problems, such as how to get inner-city kids to spend $175 on shoes. They serve...

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James K. Galbraith

I can't resist telling you that when the Vienna Economics Institute celebrated its centennial, many years ago, they invited, as their keynote speaker, my father [John Kenneth Galbraith]. The leading economists...

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Felix Dennis

Nobody could like Donald Trump, surely, except his mother. No one really likes The Donald. But how can you not have respect for a guy who's been down on the floor and just keeps coming back? Nothing will...

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Freeman Dyson

The PhD system is the real root of the evil of academic snobbery. People who have PhDs consider themselves a priesthood, and inventors generally don't have PhDs.

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Pia Zadora

If you have a guy like Jermaine, it's a pain in the neck. When we were on the road together in Europe, Jesus, I had to kick the girls off of him. I mean, they throw themselves on the floor and take off...

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Martin Gardner

There are, and always have been, destructive pseudo-scientific notions linked to race and religion; these are the most widespread and damaging. Hopefully, educated people can succeed in shedding light...

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Malala Yousafzai

I don't mind if I have to sit on the floor at school. All I want is education. And I'm afraid of no one.

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Samuel Johnson

Nothing has so exposed men of learning to contempt and ridicule as their ignorance of things which are known to all but themselves. Those who have been taught to consider the institutions of the schools...

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Ayn Rand

But I still wonder how it was possible, in those graceless years of transition, long ago, that men did not see whither they were going, and went on, in blindness and cowardice, to their fate. I wonder,...

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Gael Garcia Bernal

A boxing workout is the heaviest thing, but it's the best. The worst part is that boxing gyms are the smelliest things in the universe. You have to lie down on the floor, where everyone has been sweating...

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Miranda July

I walked down the hall and saw that [she] was sitting on the floor next to a chair. This is always a bad sign. It's a slippery slope, and it's best just to sit in chairs, to eat when hungry, to sleep and...

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Alexander McQueen

I have been skiing since I was in school, but I'm not great. I am never going to break an Olympic record, I just want to go down the hills, on red or blue runs, but not... black.

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Pierre Drieu La Rochelle

Suicide is the means of men whose resilience has been eaten away by rust, the rust of the daily round. They were born for action, but they have delayed their action; so action turns back on them with the...

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Bill Gates

Your school may have done away with winners and losers, but life HAS NOT. In some schools they have abolished failing grades and they'll give you as MANY TIMES as you want to get the right answer. This...

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Mark Twain

Suppose . . . burglars had made entry into this . . . [library]. Picture them seated here on this floor, pouring the light of their dark-lanterns over some books they found, and thus absorbing moral truths...

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Phil Jackson

The best part of basketball, for those people on the inside, is the bus going to the airport after you've won a game on an opponent's floor. It's been a very tough battle. And preferably, in the playoffs....

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Alexander Elder

Beginners focus on analysis, but professionals operate in a three dimensional space. They are aware of trading psychology their own feelings and the mass psychology of the markets.

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― Dr. Seuss