Michael Lewis quote

"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."

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

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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Story Musgrave

The statistics of life out there and the statistics of intelligent beings and advanced civilization is a certainty, the way I look at it. It has not been accepted, because we've been in an anthropocentric...

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Peter Thiel

But the indeterminate future is somehow one in which probability and statistics are the dominant modality for making sense of the world. Bell curves and random walks define what the future is going to...

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Hilaire Belloc

It has long been recognized by public men of all kinds. . . that statistics come under the head of lying, and that no lie is so false or inconclusive as that which is based on statistics.

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Rachel Carson

Until we have the courage to recognize cruelty for what it is -- whether its victim is human or animal -- we cannot expect things to be much better in this world. We cannot have peace among men whose hearts...

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John Stuart Mill

In a world in which there is so much to interest, so much to enjoy, and so much also to correct and improve, everyone who has this moderate amount of moral and intellectual requisites is capable of an...

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Norm MacDonald

In terms of merit, sports has mathematical statistics. That's how you know who the best player is.

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Clifford D. Simak

My reluctance to use alien invasion is due to the feeling that we are not likely to be invaded and taken over. It would seem to me that by the time a race has achieved deep space capability it would have...

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Mark Twain

July 4. Statistics show that we lose more fools on this day than in all the other days of the year put together. This proves, by the number left in stock, that one fourth of July per year is now inadequate,...

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Roy Spencer

It is well known that strong to violent tornado activity in the US has decreased markedly since statistics began in the 1950s, which has also been a period of average warming. So, if anything, global warming...

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Stephen Colbert

I know there are some polls out there saying this man has a 32% approval rating. But guys like us, we don't pay attention to the polls. We know that polls are just a collection of statistics that reflect...

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Harry S. Truman

Religious and racial persecution is moronic at all times, perhaps the most idiotic of human stupidities.

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Vladimir Nabokov

Sleep is the most moronic fraternity in the world, with the heaviest dues and the crudest rituals. It is a mental torture I find debasing... I simply cannot get used to the nightly betrayal of reason,...

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Ludwig Wittgenstein

One cannot guess how a word functions. One has to look at its use and learn from that. But the difficulty is to remove the prejudice which stands in the way of doing this. It is not a stupid prejudice.

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Richard Rohr

Either you allow Holy Scriptures to change you, or you will normally try to use it to change--and clobber--other people. It is the height of idolatry to use the supposed Word of God so that my small self...

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Adolf Hitler

I soon realized that the correct use of propaganda is a true art which has remained practically unknown to the bourgeois parties. Only the Christian- Social movement, especially in Lueger's time achieved...

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Swami Vivekananda

Materialism has come to the rescue of India in a certain sense by throwing open the doors of life to everyone, by destroying the exclusive privileges of caste, by opening up to discussion the inestimable...

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Florence Nightingale

The true foundation of theology is to ascertain the character of God. It is by the aid of Statistics that law in the social sphere can be ascertained and codified, and certain aspects of the character...

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George Bernard Shaw

It is the mark of a truly intelligent person to be moved by statistics.

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Justin Martyr

Because of this basin of repentance and knowledge of God, which has been ordained for the transgression of God's people, as Isaiah cries, we have believed, and we testify that the very baptism which he...

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Mary McCarthy

Old money is fully as moronic as new money but it has inherited an appearance of cultivation.

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

― Dr. Seuss