Inspirational quotes by Michael Lewis.
The lesson of Buffett was: To succeed in a spectacular fashion you had to be spectacularly unusual.
If you’ve got a dozen pitchers, you need to speak 12 different languages.
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. The same intellectual resources might have cured the common cold, or put a man on Pluto.
What baseball managers did do, on occasion, beginning in the early 1980s, was hire some guy who knew how to switch on the computer. But they did this less with honest curiosity than in the spirit of a beleaguered visitor to Morocco hiring a tour guide: pay off one so that the seventy-five others will stop trying to trade you their camels for your wife. Which one you pay off is largely irrelevant.
He was the guy who always won the game of chicken because his opponents suspected he might actually enjoy a head-on collision.
Danny explained, “Reforms always create winners and losers, and the losers will always fight harder than the winners.” How did you get the losers to accept change? The prevailing strategy on the Israeli farms – which wasn’t working very well – was to bully or argue with the people who needed to change. The psychologist Kurt Lewin had suggested persuasively that, rather than selling people on some change, you were better off identifying the reasons for their resistance, and addressing those. Imagine a plank held in place by a spring on either side of it, Danny told the students. How do you move it? Well, you can increase the force on one side of the plank. Or you can reduce the force on the other side. “In one case the overall tension is reduced,” he said, “and in the other it is increased.” And that was a sort of proof that there was an advantage in reducing the tensions. “It’s a key idea,” said Danny. “Making it easy to change.
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 triple of Jeremy Brown's imagination, in reality, is a home run.
Memory loss is the key to human reproduction. If you remembered what new parenthood was actually like you wouldn’t go around lying to people about how wonderful it is, and you certainly wouldn’t ever do it twice.
The secret to doing good research is always to be a little underemployed. You waste years by not being able to waste hours
The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that nanoseconds had value. The haves enjoyed a perfect view of the market; the have-nots never saw the market at all.
...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 had in his head when he got there.
The difference between Strauss and Ranieri?” says one trader still at Salomon. “That’s easy. Strauss wouldn’t stoop to use the men’s room on the trading floor. He’d go upstairs. Lewie would piss on your desk.
It was the job of people like me to make up reasons, to spin a plausible yarn. And it’s amazing what people will believe. Heavy selling out of the Middle East was an old standby. Since no one ever had any clue what the Arabs were doing with their money or why, no story involving Arabs could ever be refuted. So if you didn’t know why the dollar was falling, you shouted out something about Arabs.
He shouted into the phone, “That is fuckin’ awesome. I mean fuckin’ awesome. I fuckin’ mean fucking awesome. You are one Big Swinging Dick, and don’t ever let anybody tell you different.” It brought tears to my eyes to hear it, to be called a Big Swinging Dick by the man who, years ago, had given birth to the distinction and in my mind had the greatest right to confer it upon me.
Buy potatoes,” he said. “Gotta hop.” Then he hung up. Of course. A cloud of fallout would threaten European food and water supplies, including the potato crop, placing a premium on uncontaminated American substitutes. Perhaps a few folks other than potato farmers think of the price of potatoes in America minutes after the explosion of a nuclear reactor in Russian, but I have never met them.
A man got to have a code. - Omar Little
A lot of what people did and said when they "predicted" things, Morey now realized, was phony: pretending to know things rather than actually knowing things. There were a great many interesting questions in the world to which the only honest answer was, "It's impossible to know for sure".
After seeing a movie that dramatizes nuclear war, they worried more about nuclear war; indeed, they felt that it was more likely to happen. The sheer volatility of people's judgement of the odds--their sense of the odds could be changed by two hours in a movie theater--told you something about the reliability of the mechanism that judged those odds.
Stories people told themselves were biased by the availability of the material used to construct them...what people remember about the past, [Kahneman and Tversky] suggested, is likely to warp their judgement of the future. "We often decide that an outcome is extremely unlikely or impossible, because we are unable to imagine any chain of events that could cause it to occur. The defect, often, is in our imagination.
You need to be so careful when there is one simple diagnosis that instantly pops into your mind that beautifully explains everything all at once. That's when you need to stop and check your thinking...Beware of the delirious guy in the emergency unit with the long history of alcoholism, because you will say, 'He's just drunk,' and you'll miss the subdural hematoma.
The men on the trading floor may not have been to school, but they have Ph.D.’s in man’s ignorance.
foodstuffs absolved of the obligation to provide vitamins and minerals cavorted with reckless abandon.
The trait [Morey] looked for was awareness that they were seeking answers to questions with no certain answers--that they were inherently fallible. "I always ask them, 'Who did you miss?'" he said. Which future superstar had they written off, or which future bust had they fallen in love with? "If they don't give me a good one, I'm like, 'Fuck 'em.
The author refers to a player's affected nonchalance and comments he is, "too young to realize you are what you pretend to be.
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