Michael Lewis (author)

"If your ambition is to maximize short-term gain without regard to the long-term cost, you are better off not knowing the cost. If you want to preserve your personal immunity to the hard problems, it's…"

"The SEC staffer argued that it was unfair that high-frequency traders couldn’t post phony bids and offers on the exchanges to extract information from actual investors without running the risk of havi…"

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

"The entire history of Wall Street was the story of scandals, it now seemed to him, linked together tail to trunk like circus elephants. Every systemic market injustice arose from some loophole in a re…"

"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."

"I confess some part of me thought, If only I'd stuck around, this is the sort of catastrophe I might have created."

"The orders resting on BATS were typically just the 100-share minimum required for an order to be at the front of any price queue, as their only purpose was to tease information out of investors. The H…"

"Why isn't someone smarter than us doing this?"