On Wall Street, the lawyers play the same role as medics in war: They come in after the shooting is over to clean up the mess.

— 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.

— Michael Lewis

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

— Michael Lewis

Stigmas speak to the idea of difference and how difference shames us and those we know.

— Michael Lewis

Stories people told themselves were biased by the availability of the material used to construct them...what people remember about the past, [Baseman and Seversky] 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.

— 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.

— Michael Lewis

The author refers to a player's affected nonchalance and comments he is, "too young to realize you are what you pretend to be.

— Michael Lewis

The difference between Strauss and Ranger?” 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. Lewis would piss on your desk.

— Michael Lewis

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

— Michael Lewis

The markets in the long run are no doubt driven by fundamental economic laws—if the United States runs a persistent trade deficit, the dollar will eventually plummet—but in the short run money flows less rationally. Fear and, to a lesser extent, greed are what make money move.

— Michael Lewis