All that was clear that the profits to be had from smart pe… - Michael Lewis

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All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing customers, or allocating capital to productive enterprise.

Michael Lewis

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About Michael Lewis

Michael Lewis (born October 15, 1960) is an American contemporary non-fiction author and financial journalist. He is currently a contributing editor to Vanity Fair.

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Alternative Names: Michael M. Lewis • Michael Monroe Lewis

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John Kenneth Galbraith Warren Buffett Cory Doctorow Neal Stephenson Nassim Nicholas Taleb

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The big Wall Street firms, seemingly so shrewd and self-interested, had somehow become the dumb money. The people who ran them did not understand their own businesses, and their regulators obviously knew even less.

I don’t believe in guilty pleasures, I only believe in pleasures. People who call reading detective fiction or eating dessert a guilty pleasure make me want to puke. Pedophilia is a pleasure a person should have guilt about. Not chocolate.

These guys lied to infinity. What I learned from that experience was that Wall Street didn't give a shit what it sold.

All that was clear that the profits to be had from smart people making complicated bets overwhelmed anything that could be had from servicing custome… - Michael Lewis

About Michael Lewis

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